Binani Cement is planning to invest Rs.1,600 crore in the next two-three years to double capacity to 13 million tpa and acquire a coal block in Indonesia.
The company will set up two 2.8 million tpa cement plants - at Surat and at Verwad, in Gujarat, with a total investment of Rs.825 crore. These plants will serve the Maharashtra market and provide clinker to the Dubai unit.
Binani Cement also plans to expand the operations in China and Dubai. The Chinese plant's capacity will be ramped upto two million tpa from the present 0.8 million tpa, while the Dubai plant's capacity will be enhanced to two million tpa from one million tpa, with an investment of Rs.400 and 200 crore respectively.
The company is soon going to sign a deal to acquire a coal block in Indonesia to increase its self-sufficiency in coal.