Ultratech bets on Jaypee formula to up output at Binani, Century Cement

Ultratech's acquisition spree has also led to an increase in debt for the company

Cement maker Ultratech pumped in additional Rs 200 crore in 18 months to bring its Jaypee acquisition on par. The Aditya Birla Group company now looks to repeat the process for its two latest acquisitions — Binani Cement and Century Cement. 

The company’s top officials are confident that the acquired assets will reach optimal level before the end of 2020, but they do not expect any major additional cost for the two. 

In 2017, Ultratech acquired plants of Jaiprakash Associates having 21.2 million tonne per annum capacity. The acquired asset is now operating on par or better than UltraTech’s existing plants standard,