Reliance Infrastructure to triple cement production in 3 years

Reliance Infrastructure (RInfra) will triple its cement production capacity from the existing 5 million tonne per annum (MTPA) to 15 MTPA in next three years, company chairman Anil Ambani said here Tuesday.

The company plans to build new cement plants in Maharashtra and Madhya Pradesh, he said during the annual general meeting of the company.

It foresees huge growth in cement consumption on the back of concrete roads and renewed impetus to infrastructure investment, he said.

Ambani said the Reliance Group will participate in smart city development projects, which would have power, telecom, EPC (engineering, procurement and construction) and roads as its constituents.

All large capex projects of the company are nearing completion and the company is confident of strong reverse cash flow in near future, he said.

Talking about Mumbai Metro, which RInfra operates, he said that the network has created world record by carrying 30 million commuters in about 100 days time.