Rethink joint venture to save MCCL: Wailadmiki to stakeholders

Shillong, Nov 24: Mawmluh Cherra Cement Limited (MCCL) Chairman and NPP MLA Wailadmiki Shylla today urged Mawmluh Dorbar and Hima Sohra to rethink their decision and opt for joint venture with private companies to save MCCL.

He said that although MCCL is trying to pay pending salaries to staff, they won’t be able to fully reimburse employees due to their finances.

He informed that the government has moved ahead to prepare the Expression of Interest, adding “Ultimately it is they who will have to suffer, even now they are on the streets. They had come to me before going on protest. I requested them not to go ahead.”

The Chairman stated that to keep MCCL afloat, the board had found three options – to invest Rs 180 crore into MCCL, joint venture with private companies by selling stakes, or total closure.

Shylla said that till date the state has given around Rs. 234 crore in the form of salaries, payment for procuring coal to run the plant, among other things, and said that investing another Rs. 180 crores was not possible due to the ongoing COVID-19 pandemic.

He added that the board discussed the second option but Mawmluh Dorbar and Himas Sohra insisted on going for option one.

“We clarified before them and took them to the CM, we told them we don’t have funds to invest, even if he gives Rs.5 to Rs.10 crores too – after a few months they will come back to us with the same problem,” he said.

The Chairman informed that to make MCCL profitable, 8000 MT of cement is required to be produced per month, however, the plant produces only 3000-4000 MT in a month. “We are at a loss,” he said.

“We sell cement at the rate of Rs. 330-340 per bag, after I joined as Chairman, I asked the MCCL authorities the expenditure to produce one bag of cement, you won’t believe it costs Rs. 700 to produce a bag of cement. Therefore we said that we should explore the other options,” he added.

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