AHW Steels, an arm of Kolkatta based Bagaria group, has made announcement that the company is proposing to set up a cement unit in Kutch.

According to the sources, the company has decided to pump Rs 12 billion for the proposed unit.

The sources further revealed that the company is expected to clinch a memorandum of understanding (MoU).

AHW Steels is searching the options to acquire about 1,000 acres of land in Kutch for the cement project. It has sought mining lease from the state government the process for which is on.

Kutch, which is equipped with rich limestone deposits has lured many cement companies to build their manufacturing units.