Ultratech's fresh capex plan worries investors1 min read 03 Jun 2022, 10:18 AM IST
In current times of weak demand, high fuel costs and entry of a new company in the sector, any significant capacity announcement may be viewed negatively by the market, said Emkay Global
Cement giant Ultratech Cement Ltd on Thursday announced a 22.6mtpa increase in its grinding capacity at a capital expenditure of Rs12,886 crore. Mtpa is short for million tonnes per annum. The capacity increase would be through a mix of brownfield and greenfield expansions.
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