UltraTech Cement on Tuesday said it would spend around Rs.11,000 crore over three years to increase its cement-making capacity by 9.2 million tonnes per annum (mtpa).
“The company has a capital outlay of around Rs.11,000 crore, to be spent over the next three years. These include setting up of additional clinkerisation plants in Chhattisgarh and Karnataka, together with grinding units, bulk packaging terminals and ready-mix concrete plants across the country,” the Aditya Birla Group firm said in a statement.
Net sales stood at Rs.13,210 crore during the year ended March 31, 2011 against Rs.13,442 crore in the previous year and the operating profit at Rs.2,829.03 crore against Rs.2,093.76. The profit after tax is Rs.1,404.23 crore against Rs.1,093.24 crore.
The dividend has been maintained at Rs.6 per share.
The results for the year and the quarter ended March 31, 2011, have been recast to include Samruddhi Cement's performance for like-for-like comparison and are strictly not comparable with the corresponding period of the previous year.
