ACC Plans Rs 4,000 Crore Investment To Up Capacity

Mumbai: ACC Ltd will invest Rs 4,000 crore over the next three years to expand its cement capacity to 27.5 million tonnes from 19.91 mt now. The investments comprise Rs 1,487 crore to increase the clinkering capacity at the new Wadi plant, additional grinding facility and a captive power plant of 50 MW in Karnataka. The capacity expansion and modernisation of Lakheri plant in Rajasthan would be completed by next month, he said at the company''s annual general meeting. The Government has been appealing to cement manufactures not to increase prices. ACC is now in the fold of Swiss cement maker, Holcim, which holds 37 per cent equity in the company. Holcim also controls Gujarat Ambuja from whom it first bought 14.4 per cent stake in ACC