Wednesday, February 13, 2008

Sri Lanka cement plant to be expanded by India's Birla

India's Aditya Birla group has suggested expanding a defunct cement plant in Sri Lanka's northern Jaffna peninsula to exploit the region's rich deposits of limestone, government officials said.

A team from the Birla group is in the island for talks with government officials on several investments.

Sri Lankan officials said Monday the initial proposal submitted by the Birla group suggested raising capacity at the Kankesanturai plant to 3.6 million tonnes a year depending on the availability of reserves of limestone, the basic raw material for cement manufacture.

The proposal did not have any details of financial investment and the Sri Lankan authorities are trying to make arrangements for Birla group experts to visit the site in Jaffna, which is cut off from the mainland as Tamil Tigers control the road to the peninsula.

Read more,
http://www.lankabusinessonline.com/fullstory.php?

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