UltraTech Cement is planning to raise its production capacity to 71 million tonnes (mt) by end of this fiscal from 65 mt with the acquisition of two cement units of JP Group and completion of its ongoing projects.
Moreover, the company is likely to acquire a third unit of JP Group with a capacity of 2.2 mt at Bhilai. Both JP Group and UltraTech have approached SAIL for its nod as it holds 26 per cent stake in the plant.
UltraTech manufactures and markets Ordinary Portland Cement, Portland Blast Furnace Slag Cement and Portland Pozzalana Cement.
