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News UltraTech Cement's cement capacity to reach 131Mt/yr in 2023 financial year

UltraTech Cement's cement capacity to reach 131Mt/yr in 2023 financial year

Written by Global Cement staff 26 October 2022
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India: UltraTech Cement has projected six-month cement capacity growth of 8.2% to 131Mt/yr by 31 March 2023, the end of the 2023 financial year. At the end of the first half of the 2023 financial year on 30 September 2022, its capacity was 121Mt/yr. In the third quarter of the 2023 financial year, UltraTech Cement expects to commence commercial operations at its upcoming 3.5Mt/yr Pali, Rajasthan, cement plant and upgraded Dhar, Madhya Pradesh, cement plant, to which it is adding 4.2Mt/yr in new capacity. The remaining new capacity consists of smaller capital expenditure investments in various sites across India. UltraTech Cement's chief financial officer Atul Daga forecast that the producer will invest a total of US$731 - 853m in capacity expenditure throughout the 2023 financial year.

The Business Standard newspaper has reported that UltraTech Cement expects to further increase its cement production capacity by 22% over the three years up to the 2026 financial year, to reach 160Mt/yr.

Last modified on 26 October 2022
Published in Global Cement News
Tagged under
  • India
  • UltraTech Cement
  • Capacity
  • Expansion
  • capital expenditure
  • Investment
  • prediction
  • costs
  • GCW580
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