Birla Corporation to set up greenfield cement plant in Maharashtra
Birla Corporation has announced that its wholly owned subsidiary RCCPL has decided to set up a 3.90 million tonne greenfield integrated cement plant at Mukutban in Maharashtra with a 40MW captive power plant and a 10.60MW heat recovery system. The company said that the RCCPL board has approved setting up the new cement plant, which will take up its capacity from present 5.58 million tonne per annum (mtpa) to 9.48mtpa. The project will entail an investment of Rs 2,450 crore. The greenfield project will be financed by a mix of debt and internal accruals. The move will catapult the MP Birla group’s cement production capacity to 19.5mtpa within financial year 2021-22 from 15.5mtpa now.
It has already acquired land and has mineral concessions required for the project. The proposed plant has already received environment clearance. It is also expected to get fiscal incentive from the Maharashtra government since it is a cement deficit state.
RCCPL has three cement units, an integrated cement plant in Madhya Pradesh and grinding units in Uttar Pradesh and Maharashtra, with an aggregate capacity of 5.58 mtpa of cement and 3.3 mtpa of clinker.