Kolkata: Diversified Emami group is planning to build a cement production capacity of 15-20 million tonnes over the next 3-5 years, an official said.
"We aim to be among the top few players in the cement industry. Emami Cement plans to have a manufacturing capacity of 15-20 million tonnes per annum (MTPA) over the next 3-5 years", Aditya Agarwal, director of the Rs 10,000 crore Emami group said.
Emami Cement, which began operations at its integrated cement manufacturing plant in Chattisgarh in July this year, is expecting to clock revenues of around Rs 500 crore for a full year of operations ending Match 2017, Agarwal told
reporters here today.
The Chattisgarh plant, with a capacity of around 5.5 MTPA, was set up in addition to two separate grinding plants that are to come up in West Bengal and Odisha at a total cost of Rs 3,500 crore.
Emami Cement, which also has a limestone mine in Andhra Pradesh, plans to set up a plant in that state with a capacity of 2 MTPA at a cost of Rs 1,500 crore.
The plant in Rajasthan, where it also has a mine, would come up with a capacity of 6 MTPA entailing a cost of another Rs 3,500 crore, he said.
Manish Goenka, director of Emami Group, said that the company is open to acquisitions. Initially, the company plans to cater to the markets of Chattisgarh, West Bengal, Odisha and eastern Maharashtra's Vidharbha region.
The Bengal grinding unit would become operational in January 2017. The company has started selling cement under the brand 'Double Bull', he said.
