Birla Corp Aiming 25 Mt Cement Capacity By 2025
Despite Weak demand sentiments in the wake of Covid-19 pandemic and the related disruptions, Birla Corporation Ltd, the flagship company of the MP Birla Group, is confident of sticking to its original plan of scaling up cement manufacturing capacity by over 60 per cent to 25 million tonnes (mt) from the current 15.5 mt by 2025. The company’s gross term loans at the end of FY-2020 stood at ?4,226 crore as against ?4,049 crore a year earlier. Net debt at the end of March stood at less than ?3,500 crore. This includes bank loans of ?543 crore taken for the under-construction cement plant at Mukutban. By August 2021 Birla Corporation aims to reach 20 mt with completion of project at Mukutban, Maharashtra. Company’s capacity now is 15.5 mt.
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