Ultratech Cement has acquired a grinding unit from India Cements in Parli, Maharashtra, for Rs 315 crore. With a capacity of 1.1 million tonnes per annum (mtpa) and a captive railway siding, the acquisition aims to bolster Ultratech’s presence in Maharashtra’s burgeoning markets. The move aligns with Ultratech’s broader expansion plans, including a Rs 32,400 crore investment over three years to increase cement manufacturing capacity to nearly 200 mtpa. Additionally, Ultratech recently completed a 100 MW solar energy project in Rajasthan and received NCLT approval for the amalgamation of UltraTech Nathdwara Cement and its subsidiaries.
Ultratech Cement Acquires Grinding Unit in Maharashtra for Rs 315 Crore
![](https://affairsace-media.s3.ap-south-1.amazonaws.com/2024/04/21103111/1701352096-704-ezgif.com-avif-to-jpg-converter.jpg)