Leading cement manufacturer ACC today announced an investment of Rs 3,300 crore by 2015 to set up three grinding units and a clinker facility.
"We will be investing around Rs 3,300 crore over the next three years for setting up three grinding facilities and a clinker unit," ACC Managing Director and Chief Executive Kuldeep Kaura told reporters on the sidelines of the company's 76th Annual General Meeting here.
The Holcim Group company said one grinding unit each will come up at Sindri in Jharkhand and Kharagpur in West Bengal. The third grinding plant and the clinker facility will be set up at Jamul in Chhattisgarh.
The existing clinker and grinding facilities at Jamul will be phased out, he said, adding the new clinker unit will have a capacity of 2.79 million tonnes per annum (mtpa).
"The new grinding facilities in Jharkhand and Bengal will use the clinker produced at Jamul. The expansion plan will be implemented in a phased manner and completed by 2015."
Kaura added that "once the plans are in place, our production will increase by 4 mtpa by 2015 from the current capacity of 30 mtpa."
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Coal supply from ACC's two blocks in Madhya Pradesh will start in the next three to four years, he said.
"This will help us achieve the additional 4 mtpa target by 2015, as the availability of expensive coal has been putting pressure on our prices."
In 2009, ACC Mineral Resources, a wholly-owned subsidiary, had entered into an arrangement with Madhya Pradesh State Mining Corporation for joint exploration, development and mining of four coal blocks.