Aditya Birla Group to invest

Aditya Birla Group to invest
Published: 04 February 2010

Indian cement producer, the Aditya Birla Group aims to spend about INR70bn (US$1.4bn) over 3-4 years to expand its cement operations, the Economic Times reported on Thursday.

The newspaper said the Aditya Birla Group would build three new plants that would take its total capacity to 62Mta from 49Mta now.

"No final decision has been taken yet. We hope to finalise our expansion plans in a month or two," Adesh Gupta, chief financial offer at Grasim, told the paper, adding the group wanted to maintain its domestic market leadership.