The Jaypee group will set up a clinkerization unit with a 2.75 million tonne annual capacity in Himachal Pradesh’s Baga in Solan district.
The company will also set up a 1.5 million tonne capacity cement grinding unit at Malokhar in Bilaspur with an investment capacity of Rs 610 crore.
A memorandum of understanding(MOU) was signed between the state government and Jaypee group here late Wednesday, director industries department Onkar Sharma, and Jaypee’s CFO Rahul Kumar.
“Both the units will generate jobs for 600 people, most of whom will be locals,” said Kishan Kapoor,the state industries minister.