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UltraTech Cement To Pump In Rs 12,886 Crore Towards Capacity Expansion: 10 Points

UltraTech Cement plans to take a position Rs 12,886 crore to reinforce its capability

New Delhi:
In a significant announcement, UltraTech Cement on Thursday introduced an funding of Rs 12,886 crore in direction of capability growth to reinforce its whole manufacturing. The resolution was authorized by the board of Aditya Birla Group’s entity.

Let’s have a fast look in 10 factors on the keyaspectsof this announcement by the main cement maker.

  1. UltraTech Cement Limited on Thursday mentioned that it could make investments Rs 12,886 crore so as to add 22.6 metric tonnes every year capability in its general manufacturing.

  2. The firm mentioned in a regulatory submitting that it could be a mixture of brownfield and greenfield growth.

  3. It additional mentioned that the funding will cater to the “future growth” of the corporate and will probably be funded by means of a mixture of debt and inner accruals.

  4. “This would be achieved by setting up integrated and grinding units as well as bulk terminals. The additional capacity will be created across the country,” it famous additional.

  5. The firm goals to start industrial manufacturing from these new capacities in a phased method by 2024-25.

  6. UltraTech’s present manufacturing capability is 119.95 metric tonnes every year. After the completion of growth operations, its capability would go as much as 159.25 metric tonnes every year.

  7. Aditya Birla Group Chairman Kumar Mangalam Birla mentioned this bold capability growth plan is a major milestone within the ongoing transformational progress journey of UltraTech.

  8. “The company has more than doubled its capacity over the last five years and is committed to meeting India’s future needs for housing, roads, and other infrastructure. This investment is backed by a strong conviction on India’s growth potential as well as a deep and nuanced understanding of the market dynamics of the cement industry,” he mentioned.

  9. UltraTech has 22 built-in manufacturing models, 27 grinding models, one clinkerisation unit and eight bulk packaging terminals. It has a community of over one lakh channel companions throughout the nation and has a market attain of greater than 80 per cent.

  10. Its nearest rival was Holcim India, which with its two Indian models – Ambuja Cements and ACC, has a mixed put in manufacturing capability of 70 metric tonnes every year.

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