UltraTech Cement starts second round of expansion

UltraTech Cement starts second round of expansion
08 October 2010

UltraTech Cement, 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 as part of its plan to add 9.4Mt capacity by 2012-13, said a company official who did not wish to be named. 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. 

The 52Mt company has already stated its plan to add 25Mt capacity over the next five years to maintain its market share. Published under Cement News