ACC Announces Expansion Proposals Of Cement Production
2018-12-12 Announcements Building Materials National
ACC Limited has informed that the board of directors of the company at its meeting:
1. Granted its approval for setting up a Greenfield Integrated Cement Plant at Ametha in District Katnl, Madhya Pradesh (Clunker capacity of 3 MTPA and Cement capacity of ]. MTPA) along with an expansion of the existing grinding unit in Tikaria, Uttar Pradesh (Cement capacity of 1.6 MTPA) and a third grinding unit also in Uttar Pradesh (cement capacity 2.2 MTPA).
2. Approved the setting up of 1.1 MTPA Cement Grinding Facility at the existing location at Sindri, Jharkhand.
The above projects are estimated to cost approximately Rs.3000 Crore, which is proposed to be funded through internal accruals. The Company has an existing capacity of 33.41 MTPA. In 2017 the utilization rate was 79%. The above Projects are proposed to be completed within a period of three years. The projects will allow the Company to strengthen its presence in its markets