Markets leader UltraTech Cement on Tuesday announced a Rs 2,600-crore new integrated cement plant in Madhya Pradesh with a capacity of 3.5 million tonne per annum, which will increase its capacity to 96.5 mt by FY19.
‘The board has approved a greenfield integrated cement plant at Dhar in Madhya Pradesh with a capacity of 3.5 mt per annum. The plant will involve an investment of Rs 2,600 crore and is likely to being commercial production by the fourth quarter of FY19,’ UltraTech chairman Kumar Mangalam Birla told the 17th annual general meeting.
This will further enhance UltraTech’s presence in Central India,