Birla Corp aims to double cement capacity to 30 million tons by 2027

Date: 2021-09-30   Author: Pankaj Singh  Category: #news

Birla Corp aims to double cement capacity to 30 million tons by 2027

Birla Corporation, the MP Birla Group company, has reportedly announced its plans to double its cement producing capacity to around 30 million tons per year in the next five years by 2027.

While addressing the company stakeholders at the AGM, Harsh V Lodha, the Chairman of MP Birla Group, stated that the company has an aggressive expansion plan and will venture into markets where it leads among its competitors. This expansion plan reflects the improving cash flow and profitability of the company.

He added that Birla Corp. has devised plans to attain the target of 30 MTPA by 2027. Lodha also said that the details regarding the plans will be announced once they are approved by the board members of the company.

This is a new set target for the Kolkata-based company, which previously stated that it would increase its production capacity to 25 MTPA by 2025. Currently, Birla Corp. has a production capacity of 15.6 mt and is predicted to reach around 20 MTPA by the end of the existing fiscal year, once its greenfield plant of 3.9 MTPA at Nagpur is commissioned.

According to Lodha, new plants are going to be more profitable as well as efficient in comparison to the legacy assets of the company. The plants of Birla Corp.’s subsidiary, RCCPL Pvt. Ltd, the former Reliance Cement Co. Pvt. Ltd, which was taken over in 2016, is among the best in the country judging by operational parameters. The company’s newly appointed Chief Executive Officer and Managing Director stated that it has sufficient limestone reserves that could last for decades at its existing operational scale.

For the record, Birla Corp. Limited is the flagship firm of the MP Birla Group, which has interests in jute goods and cement industries. Currently, the company operates around 10 cement plants across India.

Source credits:

https://www.moneycontrol.com/news/business/birla-corp-plans-to-double-cement-capacity-to-30-million-tons-in-5-years-7524041.html



About Author


Pankaj Singh linkdin-boxtwitter

Pankaj Singh

Pankaj Singh Develops content for Algosonline, Market Size Forecasters, and a couple of other platforms. A Post Graduate in Management by qualification, he worked as an underwriter in the UK insurance domain before deciding to switch his field of profession. With exp...

Read More

Post Recommendents

Abiogen Pharma takes over Altamedics in a deal worth $8 million

Author: Pankaj Singh

Italy-based pharmaceutical company Abiogen Pharma S.p.A. has reportedly completed the acquisition of Altamedics GmbH, a German pharmaceutical distribution company, which is slated to become the first foreign branch of ...


Healthcare Gamification Market Share, Size, Technology Advancement, Top Companies, Forecast 2027

Author: Rahul Varpe

DEC Research has published its most recent report with the title ‘Global Healthcare Gamification Market In-depth Research on Industry Size, Trends, Emerging Growth Factors to 2027’. The report basically contains an outline of the Healt...


Medical Gloves Market Share, Growth, Technology Advancements, and Forecast by 2030

Author: Rahul Varpe

DEC Research has published its most recent report with the title ‘Global Medical Gloves Market In-depth Research on Industry Size, Trends, Emerging Growth Factors to 2030’. The report basically contains an outline of the Medical Gloves...