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ACC to hike capacity by 2.6 million tonnes

India's second biggest cement maker Associated Cement Companies Ltd has plans to hike its cement producing capacity by 2.6 million tonnes in the next two years, a business daily said on Wednesday.

The daily quoted unnamed company officials as saying the expansion, which will cost Rs 3 billion, was being planned at two locations where the company already has manufacturing bases -- Gagal and Tikaria.

The company owns two units in Gagal in the northern state of Himachal Pradesh with an aggregate capacity of 2.7 million tonnes and the addition would take the capacity to four million tonnes, the paper said.

The expansion being planned at Tikaria in Uttar Pradesh will raise the capacity to two million tonnes from 0.7 million tonnes.

These expansion plans come after the company hiked capacity by 2.6 million tonnes in April this year at a new unit in Wadi in the southern state of Karnataka.

The expansion took the company's aggregate capacity to 15.3 million tonnes.

Shares of ACC were trading flat at Rs 134.55 in early Wednesday trade at the Bombay Stock Exchange.

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