UltraTech in talks for two plant projects

UltraTech Cement is planning to invest the construction of two cement plants in the northern Indian state of Uttarakhand.

The Industrial Development Department of Uttarakhand has reportedly signed a Memorandum of Understanding with India’s largest cement producer for a 3.5Mta plant in Tuni and a 2Mta plant in Someshwar.

Chief minister of Uttarakhand, Vijay Bahguna, said: "The setting up of these two major plants in the field of cement manufacturing, in these two socially and economically backward towns, will considerably help provide jobs to several jobless youths and other residents in these areas, apart from opening venues for other side business."

He also noted that the process to finalise the land agreements for construction of the two plants is still ongoing.