ACC to expand and upgrade cement capacity

ACC is said to be investing Rs 3,000 crore in a capacity upgrade and expansion project at its Jamul plant in Chattisgarh and its grinding unit in Jharkhand. The existing Jamul plant will be decommissioned and upgraded to a 4 mn tonne plant based on state-of-the-art technology, while a 1.5 mn tonne grinding unit will be added at Sindri in Jharkhand. Meanwhile, reports suggest that Birla Corp's UltraTech Cement is interested in buying up assets divested by Holcim and Lafarge when they merge.