Business Bytes

Birla Corp plans Rs 2,400-crore cement project

In order to increase its cement production capacity from the current 15.5 million tonne per annum (mtpa) to nearly 20 mtpa in the next five years, Birla Corporation is planning a four mtpa project in Mukutban, Yavatmal in Maharashtra. The investment envisaged is Rs 2,400 crore, and the land has been acquired too, as per reports.

The eastern region is seeing the highest rise in demand and many companies including JSW, Emami, Shree Cement, are setting up new capacity.
It is reported that an increase of 38 per cent and 23 per cent in the government’s fund allocation in its annual Budget for the housing and roads sectors, respectively, to Rs 23,000 crore and Rs 64,900 crore, is expected to boost cement uptake.