Reliance Cement confident to achieve target
Reliance Cement Co (RCC) on October 8 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, the company has stated. In India, cement-making capacity has increased from 219 mt in FY'09 to 325 mt in FY'13. Consequently, the bridge between demand and supply has increased substantially.