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Birla Corporation plans to increase cement capacity to 20 mtpa
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IANS | 21 Jul, 2018
Birla Corporation Ltd, the flagship of the M.P. Birla Group, is planning
to scale up cement production capacity to 20 million tonnes per annum
(mtpa), in the next two-three years, an official said on Friday.
"We
have a scope to expand within our cement business. We wish to take it
up to 20 mtpa in the next two-to-three years. Some of it will be
addition to our existing capacity and some could be in a new location,"
company's Chairman Harsh V Lodha said on the sidelines of its Annual
General Meeting here.
The cement maker had achieved successful
integration of operations of Reliance Cement Company (RCCPL), which it
had acquired in August 2016.
This acquisition provided the
company with the ownership of high-quality assets, taking its total
capacity to 15.5 mtpa from 10 mtpa.
The company, in the last
fiscal, registered an increase of about 1.52 per cent in cement sales on
standalone basis and nearly 23 per cent on a consolidated basis.
In
absolute terms, the sale of cement on standalone basis increased to
79.48 lakh tonnes compared to 78.29 lakh tonnes in the previous year.
RCCPL sold 44.48 lakh tonnes of cement in 2017-18, according to information available in the company's annual report.
"Despite
a challenging environment, the company was able to ramp up volumes and
realise enhanced level of energy benefits arising out of the acquisition
of the plants of RCCPL. The operations of RCCPL have stabilised and its
plants are achieving operating parameters that are among the best in
the industry. The planned synergies, expected out of the acquisition,
are also getting realized with successful integration of its operations
with the company," the annual report said.
The cement industry
witnessed significant pressure over the course of last year due to
increase in various input costs including power, fuel costs on account
of a sharp spike in pet coke and coal prices, Lodha said, adding that
the operations were also impacted due to non-availability of railway
rakes.
"While costs have increased but contrary to the
perception, cement prices haven't increased to that extent. But going
forward, we hope with demand improving we will get fair price for cement
in future to compensate for the rise in input costs," he added.
Presently,
more than 30 per cent of its sales come from the premium segment in
volume terms and nearly 35 per cent in value terms.
The firm was planning to increase this volume share to 35 per cent and value share to 40 per cent moving forward, he added.
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