Business

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

The board of directors of UltraTech Cement, a subsidiary of the Aditya Birla Group, on Thursday 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.

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Printable version | Jan 25, 2021 7:50:24 PM | https://www.thehindu.com/business/ultratech-to-invest-5477-cr-to-add-capacity/article33243217.ece

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