Star Cement looking to increase capacity

Star Cement is reportedly looking to expand its clinker and cement capacity in India by investing in greenfield and brownfield projects.

The Century Plyboards (India) Ltd subsidiary is planning to set up 1.5-2Mta cement grinding unit at Siliguri in West Bengal and aims to double its clinker manufacturing capacity at Lumshnong in Meghalaya to 5Mta in the next three years, according to local press.

While its greenfield cement grinding unit will entail an investment of INR200-300 crore, the estimated investment on the brownfield project will be close to INR700 crore. The investment will be funded partly by internal accruals and partly by debt.