HeidelbergCement looks to increase Indian capacity

HeidelbergCement India is looking to raise its capacity in India over the next few years to 15Mta including acquisitions.

Speaking to the Financial Express, CEO of the India-based cement producer said: “We have plans to raise capacity to 15Mta in the next three-four years from the current level of 5.4Mta. We will be pursuing both organic and inorganic acquisitions.

According to local press speculation, the company is in talks with potential sellers in central India where it already has a strong presence.  Earlier this year HeidelbergCement completed the expansion of its clinker and cement grinding plants in  Damoh district (Narsingarh and Imlai facilities) Madhya Pradesh, and in Jhansi in the federal state of Uttar Pradesh.

In May this year the company had also got an approval to divest its stake in the cement grinding facility, in Raigad, Maharashtra, to JSW Steel.