Heidelberg Cement India, Indian arm of the Germany-based HeidelbergCement, is targeting to increase its manufacturing capacity to 15 million tonne per annum (mtpa) by 2017 from 6 mtpa at present. Most of these expansions are likely to come via mergers and acquisitions route. The company recently expanded in the central region - Uttar Pradesh (Jhansi) and Madhya Pradesh.
Earlier this month, the company received its shareholders nod for raising funds up to Rs 2,000 crore through borrowings. The entity decided to sell its 0.6 million tonnes per annum (mtpa) cement grinding facility in Raigad to JSW Group, which has a capacity to produce 5-mtpa cement in India.
Heidelberg Cement India is one of the leading producers of building materials worldwide. The company manufactures portland slag cement and portland pozzolana cement. The company has manufacturing facilities located at Ammasandra (Karnataka), Damoh (MP) and Jhansi (UP) and has total production capacity of 5.9 million tonnes per annum.
