Crown Cement PLC has decided to purchase fly ash from the Matarbari 2x600 MW Ultra Super Critical Coal Fired Power Plant to ensure smooth and regular production of cement.

Crown will soon sign a joint venture consortium agreement (JVCA) with a supplier to complete the purchase, Md Mozharul Islam, company secretary of Crown Cement, told The Daily Star.

Fly ash collected from the plant will be used as a raw material for cement production, which will help in decreasing import dependency and save transport cost, he said.

However, Islam did not say anything about when the deal will be signed and how much fly ash the company will purchase from the plant.

The joint venture deal will help Crown save a good amount of foreign exchange for sure, he said.

The company also plans to purchase a 245-decimal land adjacent to its Mukterpur factory premises in near future at a cost of Tk 14.7 crore, the company said in a posting on the website of the Dhaka Stock Exchange today.

The land will be used for different purposes, including parking of transport vehicles and storing finished product or raw materials, Islam said.

Each share of Crown was sold at Tk 74.4 today at the DSE.