India: The Cement Corporation of India has started the sale of its non-operating Nayagaon plant in Madhya Pradesh. Prospective bidders are invited to submit an expression of interest by mid-April 2019, according to the Press Trust of India. The Nayagaon plant was originally shut in 1997 but its mining lease remains valid for two quarries until early 2024.
The state-owned cement producer operates plants at Rajban in Himachal Pradesh, Bokajan in Assam and Tandur in Telangana. It has closed down integrated plants at Mandhar in Chhattisgarh, Kurkunta in Karnataka, Akaltara in Chhattisgarh, Charkhi and Dadri in Haryana, Adilabad in Telangana and Nayagaon in Madhya Pradesh. It has also closed grinding plants at Delhi and Bhatinda in Punjab. The company is planning to sell its non-operating plants first before divesting the operational units.