UltraTech Cement to invest Rs 32,400 cr towards capex in next 3 years; commissions 2 new plants

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Aditya Birla Groups cement company UltraTech Cement Limited on Tuesday said it will be commissioning two new greenfield projects in Chhattisgarh and Tamil Nadu, with its total capacity reaching 151.6 million tonnes per annum (mtpa)..

UltraTech had earlier stated plans to take its cement manufacturing capacity to close to the 200 million tonne per annum (MTPA) mark...

And UltraTech has subsequently added the next 50 mtpa in less than 5 years with an investment of around Rs 32,000 crore, the company said.. Kumar Mangalam Birla, Chairman, Aditya Birla Group, said: "Reaching this milestone is symbolic of Indias ascent on the global stage and demonstrates the dynamism and scale of Indian corporations..

The Aditya Birla Group company is the market leader in the sector, the new investments are expected to push it further.With revenues of $7.9 billion, UltraTech is the third largest Cement producer in the world, outside of China, with a total Grey Cement capacity of 146.2 mtpa...

Earlier this year, UltraTech Cement reported its highest-ever quarterly profit after tax of Rs 1,777 crore during the third quarter of the current fiscal, which was an increase of 68% over the same period last year...

Full story at Business Today | 

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