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Jammu: Jammu and Kashmir is going to set up a Magnesite Plant at a cost of Rs 150 crore in Reasi district of the state.
A Magnesite Plant is being set up in joint venture at Panthal area of Reasi district with a project cost of Rs 150 crores, officials of the Industries Ministry said.
However the project with a capacity of 100 tones per day of Magnesite is being set in joint venture with National Mineral Development Corporation (NMDC).
The Detailed Project Report (DPR) and Diligency Report of the project stand prepared and project shall come up in a debit equity ratio of 60:40.
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