MP Birla Group’s flagship company Birla Corporation Ltd is planning to scale up cement manufacturing capacity by over 60 per cent to 25 million tonnes (mt) from the current 15.5 mt in the next 4-5 years.
This will be done with a total investment of around Rs 5,000 crore, which will met through a mix of debt and equity.
Already, the company has started construction of the 3.9-mtpa greenfield project at Mukutban in Maharashtra, which is expected to be complete by FY2022. The estimated investment on the project is around Rs 2,450 crore.
Pracheta Majumdar, Chief Executive Officer, Birla Corporation, said the company would want to become a 25-30 mtpa player in the cement industry in the near future.
Image Credit : images.financialexpress.com