ACC plans mega investment in the east

The cement major is looking to invest more than Rs 1,100 crore to expand production capacity in the region.

Cement major ACC Limited plans to invest more than Rs 1100 crore to expand production capacity in the eastern region, a company official said on Thursday.

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Speaking to reporters here, Ramit Budhiraja, Regional Head (East), said that the company planned to increase the production capacity in the east from five million tonnes per annum to 6.5 million tonnes per annum by 2008, at an expenditure of more than Rs 605 crore.

He said that the company would also put up nearly 50 ready-mix concrete (RMC) plants in the region, at an investment of Rs 500 crore.

Budhiraja said that the company would expand capacities at Bargarh in Orissa and Sindri in Jharkhand, while the expansion programme was almost complete at Chhaibasa.

According to him, the expansion of its plant at Damodar in West Bengal was under consideration.

In the east, the company enjoyed a market share of 17 per to 18 per cent.