Century Textiles & Industries Ltd, a BK Birla Group company, is expanding its cement business by setting up a stand-alone grinding unit in West Bengal. According to a senior official of the BK Birla Group, the company is currently purchasing land in the northern part of West Bengal. The proposed plant would produce Century branded cement. The cost of the entire project has been pegged at Rs 220 crore. When asked about the funding mechanism, the official said: "Century is a cash-rich organisation, Rs 220 crore would not a big amount", the official said.
Cement is the largest revenue earner for Century Textiles. Its share in the company’s total earning is well over 40 per cent. In the last financial year, 2004-05, the cement business was worth Rs 1144 crore against the company’s total turnover of Rs 2805 crore. It marked a share of 41 per cent.
In Maihar, Century Textiles has two cement units. Apart from that it has two more plants at Baikunth in Chattisgarh and at Chandrapur in Maharashtra. The total cement capacity of the company is over 6Mta.