Patna: JK Lakshmi Cement, part of the JK Organisation, will invest Rs 500 crore in Bihar to set up a manufacturing plant in Madhubani district, said its president and director Arun Shukla on Friday. The Bharat Hari Singhania family-promoted Rs 6,000 crore firm has signed an MoU with the state govt for its proposed manufacturing unit. “We are setting up a cement plant in Madhubani district in Bihar with an investment of Rs 500 crore,” J K Lakshmi Cement president and director Arun Shukla told PTI. He said the company had signed an MoU with the Bihar govt for this Rs 500 crore investment last year only. Shukla said the company has already acquired land and is obtaining other approvals to set up this plant. “We want to cater to local demand from this plant at Madhubani in Bihar,” he said. He complimented the Bihar govt for fulfilling all the promises that it made including fiscal incentives.