Business Update3 May 2024, 12:46 am
Birla Corporation Ltd: Board Approves 1.4 Million Ton Expansion of Kundanganj Grinding Cement Plant
AI Summary
The Board of Directors of RCCPL Private Limited, a wholly owned material subsidiary of Birla Corporation Ltd, has approved the expansion of the cement grinding plant at Kundanganj, Uttar Pradesh. The project includes the installation of a new cement grinding line (mill No. 3) and an addition of 1.4 Million Ton to the existing capacity. The investment required for this expansion is INR 425 crores, with 33% being funded from internal accruals. The remaining financing and the timeline for completion are not provided in the document.
Key Highlights
- Birla Corporation Ltd's subsidiary RCCPL approves 1.4 MMT cement capacity expansion
- New cement grinding line (mill No. 3) to be installed at Kundanganj unit
- INR 425 crores investment for expansion, 33% from internal accruals
- Completion details: undisclosed