ACC, the cement company has chalked out an investment plan of Rs 2,900 crore for 2009-2010. With this capex plan, the company intends to ramp up its capacity from the present 22.63 to 30 million tpa.

As per the investment plan, ACC is likely to invest Rs 1,600 crore during 2009 and the remaining Rs 1,300 crore in 2010. The proposed investment is expected to be funded through internal accruals. The company is raising its Bargarh (Orissa) plant capacity to 2.3 million tpa with completion scheduled for June 2009. It is likely to commission a 30 MW power plant there.

ACC is also setting up two greenfield grinding plants in Karnataka which will go on stream by December 2009. Apart from this, a 7,000 tpd clinker line and an additional 25 MW captive power plant at Chanda in Maharashtra are slated to be ready by June 2010.

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ACC puts RS.600 cr expansion plan on the back burner (22-Dec-08)