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Star Cement expedites Rs 2200 crore capex expansion drive: CEO

Manufacturing  -  Dec 11,2023  - 

Star Cement is expediting its expansion plans in both greenfield and brownfield projects, so that the total capacity reaches 9.7 million tonnes per year by 2025-26.

The expansion is taking place with an aim of capitalising the anticipated growth in cement demand in East and Northeast India.

The present installed capacity of Star Cement is 5.5 million tonnes.

"By the end of 2023, our capacity will be 7.7 million tonnes, and by 2025-26, it will reach 9.7 million tonnes," said Star Cement CEO Vineet Kumar Tiwari

Tiwari further said that the total investment for the expansion plan is around Rs 2,200 crore, of which Rs 1,000 crore has been invested so far.

Speaking about Guwahati brownfield expansion, he said it is rolling out a two million-tonne fresh annual grinding unit that will commence commercial production by December.

 

Company : Star Cement