Ultratech To Spend Rs 11,000 Cr On Capacity Expansion
July 11, 2011
The country's largest cement maker, Ultratech Cement, will spend Rs 11,000 crore over three years to increase its cement-making capacity by 9.2 mtpa. This will also include setting up additional clinkerisation plants in Chhattisgarh and Karnataka, tog-ether with grinding units, bulk packaging terminals and ready-mix concrete plants across the country. These expansions are expected to be operational from early FY'14 and will enhance the company's cement capacity by 9.2 mtpa. The company has an annual capacity of 52 mtpa, 11 integrated plants, one white cement plant, one clinkerisation plant in the UAE and 15 grinding units.