India, Sept. 16 -- Birla Corporation Limited, flagship company of M P Birla group, will consolidate its operations in the cement business while also looking at diversification in a meaningful way. Chairman of Birla Corporation Harsh V Lodha told shareholders at the company's AGM here that the company is a major player in the cement industry in central India with a total capacity of 20 million tonnes.

The company plans to raise the production capacity to 27.6 million tonne by 2028-29, by way of new grinding units and clinkerisation. The proposed capital expenditure for this would be '4335 crore, Lodha told the shareholders. He also said the allocation of coal blocks to the company is at various stages of approval. Lodha also said that reg...