ACC has received an approval from board for setting up a Greenfield Integrated Cement Plant at Ametha, District Katni, Madhya Pradesh (Clinker capacity of 3 MTPA and Cement capacity of 1 MTPA) along with expansion of the existing grinding unit in Tikaria, Uttar Pradesh (Cement capacity of 1.6 MTPA) and a third grinding unit also in Uttar Pradesh (cement capacity 2.2 MTPA). The company’s board has also approved the setting up of 1.1 MTPA Cement Grinding Facility at the existing location at Sindri, Jharkhand.
The said projects are estimated to cost approximately Rs 3000 crore, which is proposed to be funded through internal accruals. The company has an existing capacity of 33.41 MTPA. In 2017 the utilization rate was 79%. The said Projects are proposed to be completed within a period of three years. The projects will allow the company to strengthen its presence in its markets. The Board of directors of the company at its meeting held on December 12, 2018 has approved for the same.
ACC is India’s foremost manufacturer of cement and ready mixed concrete with a countrywide network of factories and sales offices.
Company Name | CMP |
---|---|
Ultratech Cement | 9874.00 |
Ambuja Cement | 618.70 |
ACC | 2496.20 |
Shree Cement | 25119.85 |
Dalmia Bharat | 1775.00 |
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