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Birla Corp planning to invest Rs 2,400 crore for cement plant

01 Aug 2017 Evaluate

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.

Birla Corporation Share Price

975.00 6.90 (0.71%)
17-Apr-2026 16:59 View Price Chart
Peers
Company Name CMP
Ultratech Cement 11887.30
Ambuja Cement 458.95
ACC 1431.85
Shree Cement 25301.95
Dalmia Bharat 1972.55
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