UltraTech - July 2019

UltraTech Cement’s merger with Century Cement will reportedly be completed by September this year. Century’s cement business consists of three integrated units, located in Madhya Pradesh, Chhattisgarh and Maharashtra, along with a grinding plant in Bengal. Once completed the deal will boost UltraTech’s cement production capacity to more than 117Mta.

“The transaction gives us an opportunity to strengthen our presence in the highly-fragmented, but competitive and fast-growing eastern and central markets. It will also extend our footprint in the western and southern markets,” said Kumar Mangalam Birla, chairman of UltraTech.