New Delhi, Oct 18 (PTI) Cement maker UltraTech Cement on Saturday announced an investment of Rs 10,255 crore, which will expand its production capacity by 22.8 MTPA in the segment which is witnessing a consolidation.

The board of the company, in its meeting held on Saturday, approved capex towards increasing capacity, with a mix of brownfield and greenfield expansion, including its newly acquired subsidiary India Cements, said the Aditya Birla Group flagship firm in a regulatory filing.

On Friday, India Cement, the south India-based company, which UltraTech acquired in December last year, had announced an investment of Rs 440 crore for a proposed capacity addition of 2.80 million tonnes.

The investments will start "in a phased manner from FY28 onwards" and the company expects "cement ca

See Full Page