Birla Corporation to set up greenfield cement plant in Maharashtra for Rs 2450 crore
Birla Corporation Ltd on Saturday said that its wholly owned subsidiary RCCPL has decided to set up a 3.90 million tonne greenfield integrated cement plant at Mukutban in Maharashtra with a 40 mw captive power plant and a 10.60 mw heat recovery system.
The company in a BSE filing on Saturday said that the RCCPL board has approved setting up the new cement plant, which will take up its capacity from present 5.58 million tonne per annum (mtpa) to 9.48 mtpa.
The project will entail an investment of Rs 2,450 crore. The greenfield project will be financed by a mix of debt and internal accruals.
The move will catapult the MP Birla group’s cement production capacity to 19.5 mtpa within financial year 2021-22 from 15.5 mtpa now.