In order to increase its production capacity to 30 million tonne by 2030, Birla Corporation, the main company of the MP Birla Group, plans to invest at least $1 billion over the next eight years. Approximately 20 million tonnes of cement can currently be produced annually by the manufacturer.
Following the company’s annual general meeting, Birla Corporation Chairman HV Lodha spoke to the media about the capacity expansion. He said it will be accomplished through both greenfield and brownfield projects as well as plant decongestion (AGM).
The company plans to set up of a 4 million tonne per annum greenfield project, brownfield expansion of existing capacities by another 4 million tonne per annum, and debottlenecking of existing facilities to add another 2 million tonne per annum of output capacity.
