Nuvoco Vistas Corp, the fifth largest cement company in India, plans to invest Rs 1,500 crore for setting up a greenfield project with 2.18 million tonne per annum (mtpa) clinker capacity at Kalaburagi (formerly known Gulbarga) in Karnataka.
The company expects ground-breaking for the project to be in the next fiscal, it said in a statement recently.
It already has an operational limestone mine at the site and the new facility will expand its footprint in western and central India.
Apart from this, Nuvoco will invest about Rs 400 crore to increase capacity by 2.4 mtpa by upgrading its blending unit at Bhiwani, Haryana to a grinding unit. The prevailing infrastructure at the site will help expedite the project commissioning with limited Capex, said the company.
The debottlenecking and up-gradation projects will augment collective volume by 2.4 mtpa, Nuvoco said.
The ongoing debottlenecking projects to increase clinker capacity at Risda and Nimbol Cement Plants are on track, Nuvoco added.
The company is also setting up alternate fuel material handling facilities at Risda and Nimbol Cement plants with an investment of about Rs 50 crore, it said.