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News UltraTech Cement's board announces planned 22.6Mt/yr capacity increase

UltraTech Cement's board announces planned 22.6Mt/yr capacity increase

Written by Global Cement staff 19 August 2022
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India: The board of directors of UltraTech Cement has approved the addition of an extra 22.6Mt/yr-worth of cement production capacity across the company's footprint. The new additions will span all of India and consists of both new plant builds and expansions. New capacity will commence production in a phased manner from mid-2024. UltraTech Cement expects to invest US$1.61bn in the growth phase.

Chair Kumar Mangalam Birla said "The Aditya Birla Group’s pace of activity, range of businesses and depth of global presence provide a useful compass to navigate this age of disruption. Against the backdrop of our long history as a group, dynamism leaps out as a common theme. Over the years, we have witnessed multiple business cycles. Across businesses and markets, our evolution is a story of continuous renewal and regeneration, as we aggressively invest in growth and create long-term value for all stakeholders."

Published in Global Cement News
Tagged under
  • Aditya Birla
  • India
  • UltraTech Cement
  • Capacity
  • growth
  • Investment
  • market
  • Strategy

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