Birla Corp is planning to invest Rs 2,400 crore for four mtpa greenfield cement plant at Mukutban. In this regard, the company will now go to the board for approval. Funding of the project would be a mixture of debt and internal accruals.
After the completion of the new plant, the total cement production capacity of the company would touch 20 mtpa from the present 15.5 mtpa after acquisition of Reliance Cement. Birla Corporation had acquired the cement plants of Reliance at a consideration of Rs 4,800 crore. To fund this acquisition, Birla Corporation had taken a loan of Rs 1,000 crore on its books.
Birla Corp has three cement units, an integrated cement plant at Maihar (Madhya Pradesh) and grinding units at Kundanganj (Uttar Pradesh) and Butiburi (Maharashtra), with an aggregated capacity of 5.58 MTPA of cement and 3.30 MTPA of clinker.
Company Name | CMP |
---|---|
Grasim Industries | 2479.95 |
DCM Shriram | 974.25 |
Birla Corporation | 1556.30 |
Surya Roshni | 682.30 |
Century Textile &Ind | 1961.75 |
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