Birla Corporation, an MP Birla Group flagship, is planning to invest at least USD 1bn over the next eight years to ramp up its production capacity to 30 million tonne by 2030. The cement maker’s production capacity currently stands at around 20 million tonne per annum.
The capacity addition would be by way of greenfield and brownfield projects as well as debottlenecking across its various plants, Birla Corporation chairman HV Lodha told media persons after the company’s annual general meeting (AGM).
The company plans to set up a 4 million tonne per annum greenfield project, brownfield expansion of existing capacities by another 4 million tonne per annum, and debottlenecking of existing facilities to add another 2 million tonne per annum of output capacity.
At the end of April, the company’s subsidiary RCCPL Pvt Ltd started commercial operations at its 3.9 million tonne integrated cement plant at Mukutban in Maharashtra. With it, the company’s consolidated annual production capacity stands augmented to almost 20 million tonne, a jump of more than 20% from its previous capacity, Lodha told shareholders during the AGM.