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UltraTech Cement to invest Rs 940 crore to increase production of premium products

22 Oct 2019 Evaluate

UltraTech Cement is planning to invest Rs 940 crore to increase the production of premium products for strengthening its position in eastern markets. The board at its meeting held on October 21, 2019 approved capex of Rs 940 crore for making premium products with an increase in its grinding capacities in Bihar and West Bengal by 0.6 mtpa (million tons per annum) each and a new grinding unit of 2.2 million tonne in Odisha. All plants will be commissioned by the first quarter of 2021.

UltraTech Cement is the largest manufacturer of grey cement, Ready Mix Concrete (RMC) and white cement in India. It is also one of the leading cement producers globally. UltraTech as a brand embodies strength, reliability and innovation.

Peers
Company Name CMP
Ultratech Cement 11050.10
Ambuja Cements 348.50
ACC 1130.30
Shree Cement 23069.05
Dalmia Bharat 1324.70
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