Birla Corporation Ltd plans to beef up its presence in the lucrative western India market by setting up a plant in Maharashtra after it has completed the acquisition of Reliance Cement.
The company, under the effective control of Harsh V Lodha, intends to set up a 3-million-tonne clinker plant by using the mining lease of Mukutban at Yavatmal, Maharashtra. It can gain a sizeable presence in western India by expanding the Mukutban operations. In February this year, Birla Corp had announced an agreement to acquire the entire cement business of Anil Ambani for an enterprise value of Rs 4,800 crore. The acquisition will take the total capacity of the flagship MP Birla Group company to 15.5 million tonnes per annum (mtpa) from 10 mtpa.