Birla Corp plans new Rs 2,400-crore cement unit

The company has already acquired the land for the new project

Aiming to increase its cement production capacity from the current 15.5 million tonnes per annum (mtpa) to nearly 20 mtpa in the next five years, Birla Corporation is planning a four mtpa project in Mukutban (Yavatmal district), Maharashtra.

The investment envisaged is Rs 2,400 crore; the land has been acquired. “This will be built in phases and be funded from both internal accrual and debt,” Chairman Harsh V Lodha said on the sidelines of its annual general meeting here.

Lodha aims at expanding of production in the west-central parts of the country. He expects more demand in cement