Birla Corporation has decided to increase its cement production capacity to 20 million tonnes per annum from 15.5 mtpa, in the next three years.
The MP Birla group outfit’s chairman Harsh V Lodha said the company will use both greenfield and brownfield routes.
Speaking to reporters on the sidelines of the company’s annual general meeting, he said, “We have a scope to expand within our cement business. Our capacity is 15.5 mtpa and we wish to take it up to 20 mtpa in the next two-to-three years. Some of it will be addition to our existing capacity and some could be in a new location.”
The company achieved successful integration of operations of Reliance Cement Company (RCCPL), which it had acquired in August 2016. In FY18, Birla Corp registered an increase of about 1.52 per cent in cement sales on standalone basis and nearly 23 per cent on a consolidated basis.
According to its annual report, the operations of RCCPL have stabilised and the planned synergies, expected out of the acquisition, are getting realised.
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