With the commissioning of the new mill that has been funded through mix of internal accruals and debts, the company has increased its all India cement capacity to 5 MTPA, Ashish Guha, CEO and MF, Heidelberg Cement India, said
New Delhi: Expanding cement making capacity in India, Germany's Heidelberg Cement on Wednesday commissioned first phase of its Rs1,400 crore expansion plans, taking its production to 5 million tonnes per annum (MTPA), reports PTI.
The leading global cement maker, which had entered into the Indian market by acquiring Mysore Cements in 2006, had 3.1 MTPA capacity before its Jhansi grinding unit in Uttar Pradesh went on stream.
The Jhansi unit’s capacity has now gone up to 2.7 MTPA from 0.8 MTPA earlier.
“This is the first move towards our expansion plans in Central India. With the commissioning of the new mill that has been funded through mix of internal accruals and debts, the company has increased its all India cement capacity to 5 MTPA,” Ashish Guha, CEO and managing director, Heidelberg Cement India, said.
The company is also enhancing capacity in Damoh in Madhya Pradesh to raise the capacity to 6 MTPA, a company source said, adding that the date of commissioning of the project would be announced soon.
“Total investment in these two plants amounts to Rs1,400 crore,” the source said.
Heidelberg Cement, which mainly caters to the central market and now trying to position its ‘mycem’ brand in other parts of the country, had achieved highest ever cement sales of 2.81 million tonnes in 2011.
“We expect cement consumption to grow at a relatively higher rate in central region and stand committed towards bettering the prospects for our stakeholders,” Guha said.
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