Assam: Mahabal Cement Signs Rs. 11,000 Crore MoU To Boost State’s Industrial Growth

GUWAHATI: In a significant development, Mahabal Cement signed a Memorandum of Understanding (MoU) for a Rs. 11,000 crore investment at the Advantage Assam 2.0 summit to set up a cement plant, appreciating the state’s proactive approach. The company will set up a cement plant in Assam's Dima Hasao district, an official from Mahabal Cement stated.

Furthermore, Mahabal Cement will also put up all other value-added products like AC blocks and RMC plants. An official from Mahabal Cement expressed the company's keen interest to partner in the growth of Assam.

"Under the leadership of CM Himanta Biswa Sarma, Assam is growing by leaps and bounds, and we as an organization want to partner in the growth of the state, and for that we have signed an MoU with the CM and the government of Assam. The MoU amount is about 11,000 crores, and we're going to invest that 11,000 crores in phases," the official stated while speaking with the reporters.

The first phase will include a clinkering unit and cement unit along with an RMC plant and AC block. Direct and indirect implants are going to generate in the first phase more than 3,000 people, the official said.

Employment and all other economic activities are expected to witness growth around the installation of the plant, and this will be a book catalyst in advancing Assam to the next phase of growth.

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