Birla Corporation to set up cement plant in Maharashtra
Birla Corporation has announced the setting up of a 3.9 million-tonne green-field integrated cement plant at Yavatmal in Maharashtra. The plant will be set up by Reliance Cement Company Private Limited (RCCPL) which was acquired by Birla Corporation from Reliance Infrastructure. According to the press release by Birla Corporation, the Board of Directors of RCCPL Private Limited has approved setting up of a green-field integrated cement plant at Yavatmal in Maharashtra. The 3.9-million-ton cement plant will be set up at an estimated cost of Rs. 2,450 crores.
The project will be financed through a mix of debt and internal accruals. It is expected to be commissioned in the financial year 2021-22. RCCPL has the limestone mineral concessions required for the project and has already procured land. The proposed location is well connected with road and rail networks. Environmental clearance for the plant has been obtained.
RCCPL currently manufactures 5.58 million tonnes of cement and with the commissioning of this plant in financial year 2021-22 the cement capacity will increase to 9.48 million tonnes.
@EPC World Media