UltraTech Cement to invest Rs 5,477 cr to raise capacity by 12.8 mn tonnes

Expansion could be a mix of brown and green field projects; demand in eastern part of India strongest of all regions, say brokerages

UltraTech Cement board today approved an investment of Rs 5,477 crore for raising capacity by 12.8 million tonne, which would be a combination of brown and green field expansions.

Citing the economic recovery in the domestic market and the upticking demand for cement, the current approved investment amount would be over and above the planned Rs 1,500 crore capex for FY21.

The Aditya Birla Group company in its release informed that the additional capacity will be created in the fast-growing markets of the east, central and north regions of the country.

Demand in the East has been the strongest of