Friday, August 1, 2008

Birla Corporation To Establish Cement Plant In MP - Aug 01 , 2008

Birla Corporation will establish a 3-million tonne greenfield cement manufacturing project at Satna in Madhya Pradesh, entailing an investment of Rs 1,200 crore. The plant, expected to be operational within two years, will be established on 2,000 acres near its existing cement plant in Satna. The new plant, along with proposed expansion in existing factories, will boost output capacity to 10 million tonnes (mt) by 2011, up from the current 5.3 mt, he added.

The government of Madhya Pradesh is currently working on allotment of limestone mines to them. The land acquisition will begin once the allotments of limestone mining lease were received. The Birlas had earlier inked a memorandum of understanding with the Madhya Pradesh Government.

The company is also eyeing to expand its existing plants at Satna, Chanderia in Rajasthan, and Durgapur in West Bengal. The stream of brownfield projects would raise our capacity to 7.5 mt by June 2009.

No comments: