Birla Corporation poised to expand capacity

Posted By: Religare
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Birla Corporation poised to expand capacity
Birla Corporation Limited, the flagship company of the M P Birla Group, has outlined its plans to enhance its cement production capacity to 9.30 million tons post the completion of its expansion programmes, including the 1.20 million tons proposed capacity increase at Chanderia (Rajasthan) and the 0.60 million tons proposed increase in Durgapur (West Bengal).

These projects are likely to be commissioned by November-December 2011.

According to the company sources at the 91st Annual General Meeting of the Company in Kolkata today, the company has applied to the Ministry of Environment and Forests at New Delhi for further enhance the capacity at Chanderia by 1.5 million tons; thus taking BCL's total cement capacity to 10.8 million tons and the capacity at Chanderia to more than 5 million tons.

The company has completed all the debottlenecking projects undertaken at the clinker manufacturing units of the Company at Satna (Madhya Pradesh) and Chanderia (Rajasthan). The company's cement capacity currently stands at 7.5 million tons.

The company plans to make an investment of about Rs 1,025 crore over the next one-and-a-half years for expanding its cement and power capacity.

Moreover, the company's shareholders approved a final dividend of Rs 3.50 per share as well as an interim dividend of Rs 2.50 per share already paid.

Story first published: Wednesday, June 29, 2011, 9:30 [IST]
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