Century Plyboards India’s subsidiary -- Star Cement -- is reportedly looking to invest Rs 1,000 crore for greenfield and brownfield expansion of its cement grinding and clinker manufacturing plant.
The company is planning to set up 1.5-2 million tonnes per annum (mtpa) cement grinding unit at Siliguri in West Bengal. The company is also planning to double its clinker manufacturing capacity at Lumshnong in Meghalaya to five million tonnes per annum in the next three years.
While its greenfield cement grinding unit will entail an investment of Rs 200-300 crore; the estimated investment on the brownfield project will be close to Rs 700 crore. The investment will be funded partly by internal accruals and partly by debt.
Century Plyboards (India) is largest seller of plywood and decorative veneers in the Indian organized plywood market. The manufacturing facility of company is located at Bishnupur near Joka, Kolkata.
