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Birla Corpn to invest USD 1 bn over eight years
October 02, 2022
Birla Corporation, a MP Birla Group will be investing at least USD 1 billion over the next eight years to ramp up cement production capacity to 30 million tonnes.
The company’s consolidated capacity stands at nearly 20 million tonnes after the commissioning of the 3.9 million tpa greenfield plant at Mukutban in Maharashtra by subsidiary, RCCPL, in April 2022.
The next leg of growth from 20 million tonnes to 30 million tonnes will be a mix of greenfield (4 mtpa), brownfield projects (4 mtpa) and de-bottlenecking (2 mtpa) of existing operations.
For the new plant, Birla Corporation is targeting Chhattisgarh, but it would be contingent on getting a limestone mine. The company will participate in the auctions.
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