The cement manufacturer presently produces 17Mt of cement at its five plants and controls 10% market share. It has embarked on a 4Mt brownfield expansion at its Tadipatri plant in Andhra Pradesh, which will be fully operational in 2008-09.
Ultratech cement needs to add further capacity amounting to at least two million tonne, to retain its market share. It could be a greenfield project, the company said.
Presently, the Aditya Birla group holds 20.6% share through its two cement entities, Grasim Industries and Ultratech Cement.
Grasim has recently signed a MoU with the Orissa government for setting up a 3.5Mt plant.
[Source Business Standard].
