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MEI Online: Plant Operation News: Middle East & Asia: June 23rd 2003

 
 

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:: L&T to Build Cement Plant for Lafarge's Bangla Unit

Cement and engineering major Larsen & Toubro said on Monday it had received a $103 million order from a unit of French building materials giant Lafarge to construct a cement plant in northern Bangladesh.

L&T said in a statement it would build the 1.2 million tonnes a year plant in Chhatak for Lafarge Surma Cement Ltd, a joint venture between Lafarge and Spanish firm Cementos Molins.

The Indian company said it expected the plant - which will make cement using limestone imported from the northeastern Indian state of Meghalaya - to be ready by October 2005.

Bangladesh has 27 cement plants producing about five million tonnes a year for building materials, against annual demand of six million tonnes.

Larsen & Toubro's shares ended up 6.3 per cent on the Bombay Stock Exchange before the announcement at 229.80 rupees. The main index rose 1.03 per cent.

 

 

   

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