Century Textiles and Industries will undertake expansion worth Rs 3,246 crore in the cement and paper business in the next three years, according to a statement released by the company to National Stock Exchange (NSE).
In the cement business, the company is planning to set up cement grinding facility with an output capacity of 1.5 million tonne per annum in West Bengal at a cost of Rs 1,800 crore. The company will place order for major equipment after getting receipt of confirmation of assured supply of bulk power from West Bengal State Electricity Distribution Company Ltd.
In the Maharashtra (Manikgarh Cements) , the company is setting up a new clinker line with a capacity of 2.5 million tonne with a 40 Mw captive thermal power plant. This will take Century's their total cement manufacturing capacity from 7.8 million tonne per annum to 11.8 million tonne per annum. The equipment for this project will be ordered after getting clearance in respect of forest land from Ministry of Environment and Forest.
In the paper business, Century Mills is setting up a prime grade tissue paper plant that is expected to be operational by third quarter of this year at the total cost of Rs 175 crore.
In addition, the company is also setting up 500 tdp multilayer coated packaging plant that will also have a 40 M w captive power plant. The total cost of this project will be will be Rs 775 crore and the plant is expected to be operational by December 2009.
The company is also expanding its pulp plant that will be completed by December 2009 at the cost of about 496 crore. This include a 450 tonne per day fibre line that will produce 1,200 tonne of pulp.
