Birla Corp lines up expansion, India
The Birla Corporation is to spend INR2400 crore over the next couple of years to ramp up its cement capacity to 13Mt. Of this, INR1100 crore is being invested in taking its capacity to 9Mt by next July.
The company is also working on an additional 3Mt capacity at Satna and 1Mt capacity in Assam. However, these projects will be taken up only after getting clearances for mining and environment, Birla Corp chairman Harsh V Lodha said on Wednesday.
Birla Corp has cement plants at Durgapur in West Bengal, Satna in Madhya Pradesh and Chanderia in Rajasthan, which taken together produced 5.7Mt of cement in 2009-10. While there may be a surplus capacity in cement industry for the next 2-3 years, Birla Corp is hopeful of remaining immune as its additional capacities are coming up at cement deficit regions, Lodha justified.
Source: Financial Chronicle Published under Cement News
