Birla Corporation is planning to merge with Talavadi Cements, a subsidiary in which it holds a 98 per cent stake.
After the merger, the merged entity will consider setting up a three million tonne cement plant along with a captive power unit. Talavadi Cements is awaiting allotment of a limestone mining lease for around 2,130 ha in Satna district of Madhya Pradesh for the cement plant.
The company was also allotted the Bikram Coal Block in Shahdol district of Madhya Pradesh for captive use. It currently awaits forest and environment clearances.