Grasim Industries, the Aditya Birla group cement major, is likely to invest Rs 500 crore if it bags the UP State Cement Corporation Ltd, to take the installed capacity of the beleaguered plants to 3 million tonne from the current 0.85 million tonne.
Grasim remains the sole bidder for the state government enterprise. The high court at Allahabad is expected to give its final verdict some time next month on the cement firm