Birla Corp's arm RCCPL bags board approval for raising CAPEX to Rs2,744cr for setting up Greenfield cement plant in Mukutban

The board also nodded for restructuring of the scope of the second phase expansion of the grinding cement plant at Kundanganj (Uttar Pradesh).

Aug 04, 2021 12:08 IST India Infoline News Service

Birla Corporation
Birla Corporation-led wholly-owned subsidiary RCCPL Private Limited has received board of directors approval for revision in capital expenditure for setting up of Greenfield Integrated Cement Plant at Mukutban (Maharashtra). Also, the board nodded for restructuring of the scope of the second phase expansion of the grinding cement plant at Kundanganj (Uttar Pradesh).

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. 

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