UltraTech to invest Rs 6,500 crore to increase cement making capacities by 19.8 MT: Kumar Mangalam Birla
UltraTech prepares to invest close to Rs 6,500 crore on an expansion plan to increase capacities by 19.8 million tons MT in FY 22 and FY 23, declared its chairman Kumar Mangalam Birla. On Wednesday, Birla stated at the annual basic assembly, “These expansions, once commissioned, would further strengthen your company’s market share and financial performance,” to tackle the corporation’s shareholders. Upon fulfillment of the newest global growth, UltraTech’s capacity will develop to 136.25 MTPA, strengthening its place as the third-largest cement firm on this planet, outside of China, Birla added. The firm can also boost its capital construction and…