Aditya Birla Group company UltraTech Cement ltd on Wednesday said it has earmarked capital expenditure plan of Rs 7,056 crore towards expansions for next 3 years.
“The company has earmarked a capex of Rs 7,000 crore towards expansions, brownfield projects and grinding units at various plants, going forward. “Our capex for FY’15 is expected to be UltraTech Cement earmarks capex of Rs 7,000 cr for expansion
3,798 crore, for FY’16 will spend Rs 3,053 crore and for FY 17 Rs 205 crore,” UltraTech Cement Chairman Kumar Mangalam Birla told shareholders at the company’s 14th Annual General Meeting here. The company’s installed capacity has been scaled up to nearly 62 million tonnes (MT) annually, inclusive of 3 MT overseas.
“By early 2016, we expect this to scale up to 70 MT when all ongoing projects will be fully commissioned. A judicious mix of internal accruals and borrowings have been used for funding the projects,” Birla said.
During FY 14, UltraTech commissioned a 10,000 TPD clinkerisation plant together with a cement grinding capacity of 1.45 MT per annum (MTPA) at Rajashree Cement Works, Karnataka.