The company also has plans to invest in Andhra Pradesh and Telangana and is waiting to get land acquisition issues cleared
The stock was up 3% at Rs 14,246 on the BSE.
But analysts positive as company is a good play on recovery in demand and has strong financials
It reported strong performance in December quarter despite majority of its capacities being situated in North India where demand and prices remained soft throughout the year
To ramp up capacity by another 10 million tonnes in the coming three years