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Birla Ultratech Cement to spend Rs. 11,000 Crores to increase the ability to 62 Million Tonnes Per Annum

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As per the sources available with www.propertykhazana.com, Birla Ultratech Cement is going to spend Rs. 11,000 Crores to boost up its manufacture ability by 10 MTPA to 62 MTPA by the first half of coming 2013-2014 finance. The company has said to the shareholders that the company has a capital expenditure of Rs. 11,000 Crores which to be used up over the coming 3 years and the orders have placed for the foremost paraphernalia. This growth is predictable to be ready by first quarter for financial year of 2014.
Sources also revealed to www.propertykhazana.com saying that, company will make use of the planned finance on clinkerisation plants through brownfield growth at Chhattisgarh and in Karnataka by putting waste-heat recuperation system, organization immensity wrapping terminal and setting up of ready mix concrete plants. In the lead completion of the round of capex, company’s cement ability will stand the increase by 10 MTPA to 62 MTPA and the captive power from 504 MW to 674 MW and the invention of green power through the waste recuperation from 4 MW to 65 MW. The ability growth is being financed through a mix of interior accumulation and borrowings and it has spent over Rs. 1,100 Crores on different capex proposal so far throughout the 1st half of the present financial year.
Source: NIMMA BENGALURU

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