UltraTech Cement Board OKs Rs 12,886 cr capex

2 Jun 2022 , 08:46 PM

The Board of Directors of UltraTech Cement at its meeting held today, approved capex of Rs. 12,886 crore towards increasing capacity by 22.6 mtpa with a mix of brown field and green field expansion. This would be achieved by setting-up integrated and grinding units as well as bulk terminals. The additional capacity will be created across the country. Commercial production from these new capacities is expected to go on stream in a phased manner, by FY25. UltraTechs current expansion program is on track and estimated to be completed by the end of FY23. Upon completion of the latest round of expansion, the Companys capacity will grow to 159.25 mtpa, reinforcing its position as the third largest cement company in the world, outside of China. Powered by Capital Market – Live News