oh my rajasthan! logo
 

A new Cement plant in Rajasthan by UltraTech

Aditya Birla group firm UltraTech Cement to set up a new plant in Rajasthan with a massive proposed investment of Rs. 1,850 crore.

Scroll down for more.!

Aditya Birla group firm UltraTech Cement today said it will set up a new plant in Rajasthan with a proposed investment of Rs. 1,850 crore. The plant, which will have a capacity of 3.5 million tonnes per annum (MTPA), is expected to commence commercial production by June, 2020.

“The board of directors at its meeting held today have approved setting up a 3.5 MTPA integrated plant at Pali, Rajasthan at an investment of Rs. 1,850 crore,” said UltraTech in a regulatory updates. With this expansion UltraTech will have a foot print across the country with 50 plant locations, it added.

This plant is being set up in one of the fastest growing markets in the country and the highest cement consuming states in the North Zone. “It will cater to the markets in Western Rajasthan where Ultratech does not have significant presence,” it added.

Meanwhile, UltraTech also informed that its board has also approved a proposal “to increase in the investment limits by RPFI, including FIIs, from the existing limit of 30 per cent of the paid-up equity share capital to up to 40 per cent of the paid-up equity share capital of the company“.

This would make availability of more space for registered foreign portfolio investors (RPFI) to invest into the equity of the company. However, the decision will be subject to approval from the share holders and other regulatory clearances.

source: thehindubusinessline

Tags

See Also

News

rajasthan tourist diaries

सुर्खियां

rajasthan tourist diaries
Contact Us
Oh My Rajasthan !
:
Maroon Door Communications Private Limited,
520-522, North Block, Tower-2,
World Trade Park,
Jaipur, Rajasthan,
India 302017
:
0141 - 2728866
Quick Links
Follow Us
oh my rajasthan! instagram
Get In Touch

Copyright Oh My Rajasthan 2016