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UltraTech to hike capacity
2022-06-13
UltraTech Cement plans to invest US$1.67 billion to expand its cement production capacity to 160Mt/yr.
This corresponds to a capacity cost of US$76m/Mt/yr. As per a report in the investment is part of parent company Aditya Birla’s planned US$9.91 billion spending package to expand existing capacities and enter new sectors, including paints, via its subsidiary Grasim Industries. The investments will affect both its Indian operations and those overseas.
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