ACC to invest Rs.3000 Crore in East

ACC Ltd is planning to invest Rs 3,000 crore to expand its capacity by nearly four million tonnes a year in three eastern region States in the next three years.

Already the company is in the process of expanding expanding capacities at two existing plants – Jamul in Chhattisgarh and Sindri in Jharkhand - the company expects to start construction of a 1.5-million-tonne grinding unit at Kharagpur by next January next.

This will increase capacity 10 mt a year from the existing 6 mt a year in three years in the East. This will entail an investment of about Rs 3,000 crore.

The projects will be financed through internal accrual.