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Reliance will meet its 20 mtpa target

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Reliance Cement Co (RCC) has stated that it is set to start production from its five million tonne per annum (mtpa) cement plant in Madhya Pradesh by the this month-end. The company is confident of achieving the 20 mtpa target in the next three-four years. The Anil D Ambani-led Reliance Infrastructure company is also open to acquisition for enhancing capacity provided that ensures business sense. In India, cement-making capacity of the industry has increased from 219 mt in FY’09 to 325 mt in FY’13. The gap between demand and supply too, has increased substantially.

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