Birla Corp looks to scale up cement manufacturing capacity

Birla Corporation Ltd, the flagship company of the MP Birla Group, is looking to scale up cement manufacturing capacity by over 60% to 25 million tonnes per annum (mtpa) in the next four to five years.  Birla Corporation and its subsidiary, RCCPL Private Ltd, have 10 cement plants spread across the country, with an annual installed capacity of 15.5 mtpa. The expansion, which would be partly green-field and partly brownfield, will entail a total investment of around Rs 5,000 crore, to be funded through a mix of debt and equity. The company has already commenced construction of the 3.9-mtpa green-field project at Mukutban in Maharashtra. It is expected to be complete by April 2021. The estimated investment on the project is close to Rs 2,450 crore. The company has tied up with a consortium of lenders for a 12-year term loan of close to Rs 1,625 crore.