India: Reliance Infrastructure looks to triple capacity

Reliance Infrastructure plans to nearly triple its cement generation capacity to 15Mta over the next three years.

The company's capacity currently stands at 5.8Mta from its plants in Madhya Pradesh (MP), Maharashtra, Uttar Pradesh and Bengal.

"We will be tripling our cement capacity in the next three years by setting up new plants in MP and Maharashtra," company chairman Anil Ambani told shareholders during the AGM earlier this week.

Ambani further said the new road projects that are likely to come up for bidding will open up opportunities for the company. "To build better quality roads with cement, the country will need new cement capacity of nearly 40Mta We will be selectively participating in road projects," Ambani said.