Ultratech to spend Rs 11,000 crore on capacity expansion

    The country's largest cement-maker Ultratech Cement plans to spend around Rs 11,000 crore over three years to increase its cement-making capacity by 9.2 million tonnes per annum

    The company has planned 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. Orders have already been placed for major equipment for setting up the projects and these expansions are expected to be operational from early FY'14 and will enhance the company's cement capacity by 9.2 mtpa.