Birla Corp plans 3.9Mta plant in Maharashtra

Birla Corp plans 3.9Mta plant in Maharashtra
06 August 2018

India's Birla Corp Ltd has announced that its RCCPL subsidiary plans to set up a 3.9Mta facility in Mukutban, Maharashtra, at an investment cost of INR24.5bn (US$356.8m). The project includes a 40MW captive power plant and a 10.6MW heat recovery system.

The plant has already received environmental clearance, and is expected to be financed through a mix of debt and internal accruals. The move will increase Birla group’s capacity to 19.5Mta in the 2021-22 period, compared to the current 15.5Mta.

The company could also receive fiscal incentive from the state’s government due to Maharashtra being in a cement deficit, according to The Economic Times.

Published under Cement News