Birla Corporation, the flagship company of M P Birla Group, will invest Rs 2,500 crore over a period of three years to augment the cement production capacity.
The company intends to increase cement production by 4.5 million tonne over a period of three years and to make certain other investments.
For the purpose, it will set up a new unit with 1.5 million tpa at Chanderia in Rajasthan and another unit with 3 million tpa capacity at Satna in Madhya Pradesh.
Currently, the company has a total cement production capacity of 9.3 million tonne.
Meanwhile, Birla Corporation's overseas plans of setting up a cement plant at Ethiopia has been put on hold due to oversupply in that market.