UltraTech aims 9 mt capacity in 3 yrs
UltraTech Cement aims to expand its production capacity to 9 million tonne a year by June 30, 2013 through an investment of Rs 11,000 crore over the next three years. The company is exploring both organic and inorganic means to expand its production capacity. The capital expenditure pertains to a number of projects, including clinkerisation plants through brown-field expansion at Chhattisgarh and Karnataka and additional grinding units, installation of waste recovery heat systems and institution of bulk packaging terminals and establishment of ready-mix concrete plants. These projects will be funded through a judicious mix of internal accruals and borrowings.