Birla Corp Ltd is planning to set up a new 2Mta cement plant in Madhya Pradesh, India.

A source told local press that the company will spend INR25bn over the next three years to set up the new unit. 

The company will fund majority of the capital expenditure through internal  accruals, the source added.

Birla Corp currently has cement operations in Satna, Madhya Pradesh, Rae  Bareli in Uttar Pradesh, Chanderia in Rajasthan and Durgapur in West Bengal.