The board of RCCPL has given nod to the second phase of expansion of the company’s grinding cement plant at Kundanganj.
RCCPL is a wholly-owned subsidiary of Birla Corporation. In a filing to BSE, Birla Corporation Ltd said the expansion would be carried out by installing the third line having a cement capacity of 1.2 million tonnes per annum (MTPA).
The cement capacity of Kundanganj will increase to 3.20 MTPA after the above expansion, it said further.
It added: “The board of directors of RCCPL Pvt Ltd (formerly known as Reliance Cement Company) (a wholly owned subsidiary of Birla Corporation Ltd) at their meeting held today has approved the proposal to carry out second phase expansion.”
The capacity would be added within the financial year 2020-21 at an investment of Rs 2.5 billion. The mode of financing is mix of debt and internal accruals.
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