Ace Apartment, Naxal, Kathmandu +977 1 4444607

Business News

Birla expects 10 mn tonnes cement capacity in two years

Thursday, May 07, 2009 (22:45:37) Tags: Business, Growth, India Kolkata: Birla Corp Ltd, part of the MP Birla Group, expects its cement capacity to rise to 10 million tonnes in two years from 6 million tonnes now, the company said in a release today here. "The second and final phase of expansion at the Satna plant is likely to be completed by March, following which total clinker production capacity will increase by 2,200 tonnes per day (tpd) to 9,600 tpd," the release said. By the end of 2009-10, the capacity is expected to touch 7.5 million. Birla in April expanded clinker capacity at Chanderia plant in Rajasthan from 3,450 tpd to 4,050 tpd. It is currently executing several other expansion projects like a 1.2-million-tonne plant at Chanderia, and grinding capacity hike at Durgapur in West Bengal and Satna in Madhya Pradesh. Captive power plants of 30-MW each in Durgapur and Satna are also being set up and the company expect to complete these projects in two years. A three-million-tonne cement plant has also being planned at Satna. The company plans to invest Rs.1, 200 crore over there, the release said. However, the execution of the project would depend upon Birla being granted a limestone mining lease, which has been contested in the court. "Once the issue is favorably resolved, the company plans to set up the cement plant," the statement said. Birla reported a turnover of Rs.2,038.84 crore in 2008-09. The net profit was Rs.323.51 crore for that fiscal.(IANS)