Birla Corp’s Mukutban cement plant likely to be launched in Dec 2021

Birla Corporation, a flagship company of MP Birla Group, told the media that the commissioning of its Rs 2,450-crore Mukutban cement plant is expected by December in Maharashtra, which has been delayed due to the Covid-induced disruptions.The company said that the Mukutban factory's commissioning in Maharashtra has been delayed by a few months due to the flight of migrant workers from the project site. Mechanical erection work is improving well. Most of the equipment reached the site. Commissioning of the Mukutban cement plant project got delayed due to lockdown and uncertainty produced by the raging second wave of Covid-19. Now, the Mukutban factory is expected to be commissioned in December, an official said. The project plans an integrated cement factory of 3.90-million tonnes with a 40 MW captive power plant and waste heat recovery system of 10.60 MW. The installed capacity of the group will rise to around 20 million tonnes, after the commissioning of the Mukutban cement plant. The official said that in FY21, the MP Birla Group flagship company had invested Rs 644 crore in the Mukutban project. Despite this fund infusion, the cement maker was able to decrease its debt and interest burden, he further added. However, in the current financial year, the management anticipates a slight rise in gross debt level of Rs 4,046 crore as of March 31, 2021. Image Source Also read: Ambuja Cements begins trial run at Marwar Cement plant in Rajasthan