UltraTech Cement will be investing more than an estimated INR 800 Crore on strengthening its presence in Maharashtra. This includes the buyout of a unit and adding capacity through brownfield expansions.
The country’s largest producer of cement will be buying an anticipated 1.1 Million tonne grinding unit at Parli in Maharashtra from The India Cements for nearly INR 315 crore. This purchase will help the company to strengthen its presence in the rapidly growing Maharashtra markets. UltraTech’s board has also approved expanding production at this facility by 1.2 Million tonnes.
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Additionally, UltraTech will be adding approximately 1.8 Million tonnes of capacity at its unit in Dhule, taking the total capacity to 3.6 Million tonnes. The company plans to complete these capacity expansions in Maharashtra by 2025-2026.
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