MAPL to invest Rs 900 cr in next 3-yrs in M'shtra

Murli Agro Products Ltd (MAPL), the flagship company of Maloo group, has decided to invest Rs 900 crore in Vidarbha region of Maharashtra in next three years by setting up a two-million tonne greenfield cement unit with 30 MW captive power plant in Chandrapur district.

The MoU for the project was signed between Maharashtra chief minister Vilasrao Deshmukh and managing director of MAPL, Nandlal Maloo, last week, as per a company release.

The company's plans for huge investment in the backward region of Vidarbha is a validation of the investor-friendly policies of the state, said Deshmukh.