UltraTech Cement readies expansion, India
India’s largest cement maker, has kick-started the next round of its capacity expansion which is likely to cost INR5000 crore, immediately after execution of its earlier plan of adding nearly 20Mt over the past four years.
The Aditya Birla Group company has placed orders for two 3.3Mt kilns on KHD Humboldt Wedag of Germany as part of its plan to add 9.4Mt capacity by 2012-13, said a company official. The Aditya Birla group spokesperson declined to comment as the company was in the silent period ahead of the September quarter earnings announcement.
These orders are for expansion at its Rawan plant in Chhattisgarh and Rajashree unit in Karnataka, Alchemy Share & Stock Brokers said in a note to its clients.
Published under Cement News
