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Birla Corp scouting for overseas buys & expansion

Date: 28-10-2009

Birla Corporation is looking at overseas opportunities for acquisition of cement facilities. The company is also planning to set up a 1-million-tonne cement plant in Assam for an investment of Rs 500 crore. The company plans to invest Rs 2,350 crore to expand capacity to 11.5 million tonnes from 7 million tonnes in the next four years.

 

The company has recently been allocated a coal block by the Madhya Pradesh Government. However, possibilities of gaining limestone mining lease over 2,130 hectares in Madhya Pradesh is bogged down in litigation.crackcrack