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News Udayapur Cement seeks US$3.82m government loan

Udayapur Cement seeks US$3.82m government loan

Written by Global Cement staff 24 October 2022
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Nepal: Udayapur Cement has urged the Nepalese government's Ministry of Finance to process its application for a loan of US$3.82m. The Kathmandu Post newspaper has reported that the producer plans to invest in an upgrade to its 800t/day-capacity Gaighat cement plant in Province No.1. The plant is reportedly unable to meet its capacity due to frequent issues with its 33-year-old equipment. The producer hopes that an upgrade will increase the plant's production capacity by 41% to 2.5m bags/yr. It also expects its expenditure on coal to fall by 25% as a result.

Director general Gopi Neupane noted the Gaighat cement plant's access to high quality limestone not available elsewhere in the country. He said "We will turn the factory into a profit-making enterprise if the additional investment is provided. We have huge scope for exporting cement to Uttar Pradesh and Bihar (in India)."

Last modified on 26 October 2022
Published in Global Cement News
Tagged under
  • Loan
  • Government
  • Nepal
  • Limestone
  • Investment
  • Capacity utilisation
  • Capacity
  • Coal
  • fossil fuels
  • Export
  • Uttar Pradesh
  • Bihar
  • equipment
  • Loss
  • Upgrade
  • funding
  • lobbying
  • Expansion
  • GCW580

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