UltraTech to construct terminal at Mumbai Port
To cut expenditure on logistics, UltraTech Cement is set to build a Rs 100-crore terminal at the Mumbai Port to transport cement from its plants in Gujarat into Mumbai. By doing so, the Aditya Birla Group´s company wants to cut logistics costs and go deeper into one of the largest cement markets in India. For a payment of Rs 35 crore, UltraTech will get a land area of 2.5 hectares on lease for 30 years and a guaranteed flow of traffic through the Mumbai Port. The facility has a capacity of 1.25 million tonnes. The deal helps the company to leverage its real estate and get guaranteed traffic.