Reliance will meet its 20 mtpa target
Reliance Cement Co (RCC) has stated that it is set to start production from its five million tonne per annum (mtpa) cement plant in Madhya Pradesh by the this month-end. The company is confident of achieving the 20 mtpa target in the next three-four years. The Anil D Ambani-led Reliance Infrastructure company is also open to acquisition for enhancing capacity provided that ensures business sense. In India, cement-making capacity of the industry has increased from 219 mt in FY'09 to 325 mt in FY'13. The gap between demand and supply too, has increased substantially.