UltraTech Cement, part of the Aditya Birla Group, has finalized the acquisition of a grinding unit from India Cements for Rs 315 crore. Additionally, it will invest Rs 504 crore to enhance the capacity of two units. The acquisition, located in Parli, Maharashtra, strengthens UltraTech’s presence in the growing Maharashtra markets. The expansion includes a 1.2 million-tonne capacity at Parli and 1.8 million tonnes at Dhule in Maharashtra. These expansions, to be funded internally, aim to cater to future growth and are expected to be completed by fiscal year 2025-26. With this, UltraTech simplifies its structure, enhances synergy, and fully integrates the Nathdwara unit.
UltraTech Cement Acquires Grinding Unit, Plans Capacity Expansion
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