NCL Industries Board gave in-principle approval to setup 110 tph cement grinding and packing unit at Line III-Phase-2 at Mattapalli, Telangana.
The estimated cost of the project is around Rs 105 crore. The project cost will be financed by a debt of Rs 75 crore and balance Rs 30 crore to be met out of internal accruals.
The project is expected to be completed in 18 months from the date of its financial closure.