UltraTech Cement Ltd. to Expand Operations with $3.9 Billion Investment

UltraTech Cement Ltd. has announced a $3.9 billion investment to boost its cement making capacity over the next three years. The Aditya Birla Group, owned by billionaire Kumar Mangalam Birla, inaugurated two new units in the Indian states of Chhattisgarh and Tamil Nadu. These greenfield units are expected to add 5.4 million tons a year of capacity, bringing the total to 151.6 million tons a year, as confirmed by UltraTech. This significant investment showcases the company's commitment to expanding its operations in the Indian market.