According to the regulatory filing, the RCCPL board nodded for revising the capital expenditure from Rs2450cr to Rs2744cr for setting up of a 3.90 million tons Greenfield Integrated Cement Plant at Mukutban (Maharashtra) with 40 MW Captive Power Plant and 10.60 MW Waste Heat Recovery System, on account of the revision in project commencement schedule and other factors including increase in commodity prices.
Further, the board approved the restructuring of the scope of the second phase expansion of the existing capacity of the grinding cement plant at Kundanganj (Uttar Pradesh). Expansion in the capacity as per the revised scope stands at 0.7 million tons. The project cost stands reduced to Rs154cr.
At around 12.54 PM, Birla Corp was trading at Rs1452.20 per piece flat compared to the previous closing on Sensex.