Reliance Cement Company, a part of the Anil Ambani-controlled Reliance Infrastructure, is looking at a turnover of around Rs 2,000 crore in the current fiscal on the back of capacity expansion and entry into West Bengal.
The company has made a foray into West Bengal, a market that has 14-million-tonnes per annum (mtpa) demand and potential to grow by 8 per cent in the coming years.
"We are targeting cement sales of 3.5 million tonnes and a revenue of Rs 1,800-2,000 crore this fiscal," Reliance Cement Director & CMO Atul Desai told PTI here.
"We hope to cover entire West Bengal market by this year which is expanding by eight per cent per annum. We expect to sell 0.6 to 0.7 million tonnes cement in the state this year," Desai, who was here to launch Reliance Cement in the state, said.
Reliance Cement Head (East) Deepak Ranjan said the company is sourcing cement produced with a local partner in a Durgapur plant with a current capacity of 0.4 million tonnes.
"West Bengal is one of the largest cement consuming states in eastern India with total consumption of around 14 million tonnes per annum," he said hoping to garner a healthy market share in the region.
Reliance Cement is also planning to set up a 2.1 million tonnes cement grinding unit in Raghunathpur in Purulia.
Desai said the company has 100 acres of land and was in the process of getting regulatory clearances for the project.
Reliance Cement is marketing its products in states like Maharashtra, Madhya Pradesh, Uttar Pradesh and Jharkhand.
The total capacity is 5.8 million tonnes including clinker capacity.
Desai said the company has lined up cement plants in various locations to ramp up capacity and is also in various stages of getting limestone mining leases.
"The group aims to expand cement capacity to 50 million tonnes over the next couple of years," he said.
Reliance Cement said it would offer innovative customer initiative and on-site expert service in West Bengal.
