UltraTech volume to rise
Aditya Birla Group-controlled UltraTech Cement on Wednesday said its capacity will increase to 91.1 million tones per annum (MTPA) by the current fiscal-end, following acquisition of Jaiprakash Associates’ cement plants.
“We expect to complete transaction to acquire Jaiprakash Associates’ cement plants within the next 12 months period. Our capacity will stand augmented to 91.1 MTPA, including overseas operations, from the present 66.3 MTPA,” according to Kumar Mangalam Birla, Chairman, UltraTech Cement. Earlier this month, the company announced acquisition of Jaiprakash Associates’ cement plants with a total capacity of 21.1 MTPA at an enterprise value of Rs 16,189 crore.