Birla Corp aims 20 MT to become fifth largest cement company in India

While the Mukutban project has been financed by a Rs 1,625 crore term loan stretching 12 years from a consortium of four banks led by the Bank of Baroda at less than 9 per cent interest

Birla Corporation is increasing its total cement manufacturing capacity in the next three years to around 20 million tonne per annum (mtpa), spread across western, northern and central India. 

It is constructing a 3.9 mtpa factory, along with a 40 Mw power plant and a 10.6 Mw waste-heat recovery one, at Mukutban in Maharashtra. The investment is Rs 2,450 crore and this should be commissioned by the second quarter of 2021-22. Once done, it will take the company’s installed capacity from the existing 15.58 to 19.48 mtpa, at parity with that of Ramco Cement (whose current installed capacity is 16.69 mtpa).

According