Ultratech Cement said the purchase would help the company strengthen its presence in MaharashtraUltratech Cement announced on April 20 it will buy a grinding unit from India Cements in Mahrashtra for a consideration of Rs 315 crore.
The grinding unit will have a capacity of 1.1 million tonnes per annum (mtpa).
“The board of directors at its meeting held today, approved purchase of a grinding unit having installed capacity of 1.1 mtpa in addition to a captive railway siding, at Parli, Maharashtra, from The India Cements,” the company said in its regulatory filing.
Story continues below Advertisement Remove Ad“This purchase will help the Company to strengthen its presence in the rapidly growing Maharashtra markets.” Ultratech Cement added in the filing.
Earlier in April, Ultratech Cement said it would invest Rs 32,000 crore for capital expenditure over the next 3 years.
Ultratech Cement said the purchase would help the company strengthen its presence in Maharashtra
Ultratech Cement announced on April 20 it will buy a grinding unit from India Cements in Mahrashtra for a consideration of Rs 315 crore. The grinding unit will have a capacity of 1.1 million tonnes per annum (mtpa).
“The board of directors at its meeting held today, approved purchase of a grinding unit having installed capacity of 1.1 mtpa in addition to a captive railway siding, at Parli, Maharashtra, from The India Cements,” the company said in its regulatory filing.
Story continues below Advertisement Remove Ad
“This purchase will help the Company to strengthen its presence in the rapidly growing Maharashtra markets.” Ultratech Cement added in the filing.
Earlier in April, Ultratech Cement said it would invest Rs 32,000 crore for capital expenditure over the next 3 years. On April 2, the company announced the commissioning of two new greenfield projects in Chhattisgarh and Tamil Nadu, with its total capacity reaching 151.6 mtpa.
