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News Orient Cement abandons Tiroda grinding plant plan

Orient Cement abandons Tiroda grinding plant plan

Written by Global Cement staff 24 February 2023
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India: Orient Cement says that it has 'mutually terminated' a memorandum of understanding with Adani Group subsidiary Adani Power Maharashtra for a sublease of land in Tiroda in Maharashtra. Orient Cement had planned to establish a grinding plant on the land. It is located at the site of Adani Power Maharashtra's Tiroda coal-fired power plant and belongs to the state-owned Maharashtra Industrial Development Corporation. The parties signed the agreement in September 2021. The reason for termination was the parties' failure to meet its conditions, even despite extensions beyond the stipulated 365-day period in which to do so.

Last modified on 01 March 2023
Published in Global Cement News
Tagged under
  • India
  • Orient Cement
  • Memorandum of Understanding
  • land
  • land lease
  • lease
  • Power Plant
  • Government
  • Maharashtra
  • Maharashtra Industrial Development Corporation
  • GCW597
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