UltraTech commissions 1.6 MTPA grinding unit in Haryana

Image
Press Trust of India New Delhi
Last Updated : Sep 22 2015 | 5:13 PM IST
Aditya Birla Group flagship firm UltraTech Cement today said it has commissioned its grinding unit with a capacity of 1.6 million tonnes per annum (MTPA) in Jhajjar, Haryana.
The move is aimed at increasing the firm's slice in the north region -- that accounts for a lion's share of India's cement market -- particularly the National Capital Region (NCR) and Haryana.
With commissioning of the firm's 13th unit, UltraTech's total cement capacity has reached 63.1 MTPA, it said in a regulatory filing.
The third line at Aditya Cement, Rajasthan, commissioned in March 2015, will cater to the clinker requirement of this plant, it added.
North region accounts for 35 per cent of the cement demand in the country and is expected to grow at around 8 per cent, it said.
"With this commissioning, the company will further increase its capacity in north region. The plant's location at a distance of less than 100 kms from the markets of NCR and Haryana will assist in capturing the growing demand for cement in this region with timely and effective supplies to the customer," it added.
Shares of the company today fell 3.27 per cent to settle at Rs 2810.90 apiece on the BSE.
*Subscribe to Business Standard digital and get complimentary access to The New York Times

Smart Quarterly

₹900

3 Months

₹300/Month

SAVE 25%

Smart Essential

₹2,700

1 Year

₹225/Month

SAVE 46%
*Complimentary New York Times access for the 2nd year will be given after 12 months

Super Saver

₹3,900

2 Years

₹162/Month

Subscribe

Renews automatically, cancel anytime

Here’s what’s included in our digital subscription plans

Exclusive premium stories online

  • Over 30 premium stories daily, handpicked by our editors

Complimentary Access to The New York Times

  • News, Games, Cooking, Audio, Wirecutter & The Athletic

Business Standard Epaper

  • Digital replica of our daily newspaper — with options to read, save, and share

Curated Newsletters

  • Insights on markets, finance, politics, tech, and more delivered to your inbox

Market Analysis & Investment Insights

  • In-depth market analysis & insights with access to The Smart Investor

Archives

  • Repository of articles and publications dating back to 1997

Ad-free Reading

  • Uninterrupted reading experience with no advertisements

Seamless Access Across All Devices

  • Access Business Standard across devices — mobile, tablet, or PC, via web or app

More From This Section

First Published: Sep 22 2015 | 5:13 PM IST

Next Story