Bhopal, Sept 8: As many as 38 MoUs have been signed at the four investors' meets for establishing cement factories in Madhya Pradesh. Investment to the tune of Rs 73 crore is proposed to be made through these MoUs. It may be mentioned that cement production in the state was a mere 15.39 million tonnes in the year 2002-03. Now the production rose to 18.90 million tonnes in April 2007. MoUs have been signed for expansion of these cement factories following which cement production will rise by 10.70 million tonnes per year. In furtherance to this, the state government granted prospective licences to 12 investing companies, namely Reliance Group at Satna, Sanghi Cement in Katni, ACC Limited at Kaymor, Prism Cement in Satna, MSP Steel and Power Limited in Katni, Rewati Cement in Satna, BLA Cement at Maihar, Shri Cement at Katni, The India Cement and Runta Mines Limited in Satna and Electro Steel Casting and KJS Cement in Satna. MP is the third largest cement producing state catering to 13 per cent demand of the country. It has limestone deposits of 3625.98 million tonnes which makes it the fourth largest state in this respect. Possibilities of FDI attracting towards implementation of new cement schemes in the state has also become bright. As many as 10 big industrial houses are producing cement in the sate out of which ACC Limited produces 1.70 MT at its Kaymor plant. The company has proposed to expand the unit at a cost of Rs 350 crore for generate additional production capacity of 1.20 million tonnes apart from setting up a captive power plant. Two units of Birla Corporation Limited in Satna are producing 0.80 MT and 0.75 MT cement per annum. The corporation is going to expand the capacity of these two units to 3.00 million tonnes at a cost of Rs 350 crore apart from setting up a captive power plant. Besides, new cement factories are also proposed to be set up by big investors. Construction of 1 MT clinker and 0.60 MT cement plant is also under progress. JP Group is setting up a 2 MT plant at Sidhi, 3 MT plant by Sanghi Cement at Katni and MSP Steel and Power Limited is establishing 2 MT cement plant in Katni.