UltraTech Cement, part of the Aditya Birla Group, has embarked on a $297-million capacity expansion project with the help of International Finance Corporation (IFC), the multilateral lending arm of World Bank Group. IFC has been approached to provide a loan of up to $100 million.
The project involves the clinker production capacity expansion of UltraTech at its integrated cement plant in Chhattisgarh, and the investment for the necessary infrastructure to support the expansion.
According to IFC, the project is a key component of the company?s cement capacity expansion strategy in the eastern part of India.
UltraTech, a listed company, has 12 integrated cement manufacturing plants, 15 grinding units, 5 bulk terminals and more than 100 ready mix concrete plants spanning India, UAE, Bahrain, Bangladesh and Sri Lanka with 52 million tonnes per annum (Mtpa) capacity.
The proposed project comprises a brown field expansion at UltraTech?s operational integrated plant in Chhattisgarh. Located on 389 hectares of land, the existing operation of RCW was commissioned in 1995. The existing facilities and ongoing expansion include clinkerisation unit up to 6.5 Mtpa, cement line up to 6.5 Mtpa, and coal-fired captive power plant up to 80 mw.