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UltraTech Cement to set up cement plant

Friday, 26 Jul 2013
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UltraTech Cement, the AdityaBirla Group-owned company, is planning to set up a cement plant in Katni district of Madhya Pradesh.

 

For the purpose, the company has decided to invest Rs 3,000 crore. The amount will be invested over three to five years time. UltraTech Cement has already signed an MoU with the state government to set up a two million tpa capacity cement plant. The company is also likely to set up a captive power unit at the project site for which it will invest Rs 300 crore separately. It will finance majority of the capital expenditure through internal accruals.

 

Meanwhile, UltraTech Cement is also planning to set up one more cement unit in Satna and another in Dhar district of Madhya Pradesh.

 

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