Birla Corporation to increase cement capacity to 25 MT by 2025-26

Birla Corporation has drawn up a strategy to augment its cement production capacity to 25 million tonnes by the 2025-26 fiscal from the existing 20 million tonnes. The cement maker is planning to meet its targeted production by increasing capacity utilisation at its Mukutban plant in Maharashtra, setting up the second clinker unit at Maihar in Madhya Pradesh and constructing new grinding units. 

With the increasing capacity utilisation of the Mukutban unit, the company is confident of increasing its market share in the premium cement segment in that state, where other major players are active. The integrated Mukutban plant has an installed capacity of 3.9 million tonnes annually. The capacity utilisation at present stands at 40-45%, and the company aims at a capacity utilisation of nearly 3 million tonnes by 2024-25 fiscal. 

Birla Corporation is primarily engaged in the manufacturing of cement as its core business activity. It has a significant presence in the jute goods industry as well. The company manufactures different types of cement like OPC Cement, 43&53 grades, PPC cement, fly ash-based PPC, Low Alkali Portland Cement, and Portland Slag Cement, among other categories. 

At 2 pm, the shares of Birla Corporation were trading at Rs 1242.15, slightly up by 0.04% from its previous closing of Rs 1241.70 on the BSE. The scrip opened at Rs 1215.40 and has touched a high and low of Rs 1256.00 and Rs 1215.40 respectively.  

The BSE group ‘A’ stock of face value of Rs 10 has touched a 52-week high and low of Rs 1,266.00 and Rs 843.05, respectively. Last one week high and low of the scrip stood at Rs 1260.15 and Rs 1137.70 respectively. The current market cap of the company is Rs 9,510.55 crore. 

The promoters holding in the company stood at 62.90%, while Institutions and Non-Institutions held 22.97% and 14.15% respectively. 

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