UltraTech to invest ₹5,477 cr. to add capacity.

The board of directors of UltraTech Cement, a subsidiary of the Aditya Birla Group, recently approved increasing the production capacity by 12.8 mtpa with a mix of brownfield and greenfield expansion at an investment of ₹5,477 crore.

The additional capacity will be created in the fast-growing markets of the east, central and north regions of the country, the company said. “This significant investment in a core infrastructure sector will accelerate the wheels of economic activity and aid the kick-start of the private investment cycle,” said Kumar Mangalam Birla, chairman, Aditya Birla Group.

THE HINDU