Birla Shakti Concrete, Ready Mix Concrete (RMC) is embarking on an expansion drive with new greenfield RMC plants at Chakan & Navi Mumbai in the state of Maharashtra. Full commercial production at the new facilities is anticipated to start in 2018 and the expansion will be funded by internal accruals and borrowings. The total investment in the facilities is estimated at Rs.600 million by 2020 and will add nearly 13 lakh cubic metres annually, taking the company´s aggregate capacity to 20 lakh cubic metres. In addition to existing customers, the new facilities will also serve new customers in and around the western corridor including places like Hinjewadi, Wakad, Baner, Tathavade, Pimple Saudagar and Balewadi.
Abhijit Lunkad, Franchisee Promoter, Birla Shakti Concrete, said,´Our expansion strategy is aimed at accelerating Birla Shakti Concrete´s organic growth momentum, while enhancing competitiveness and increasing our footprint across Maharashtra. Pune is fast emerging as a real estate hub and production facilities positioned near our demand centres is a critical component of our business strategy that leaves us well-placed for future growth.´