Skip to main content

IFC to provide loan to UltraTech Cement

World Cement,


The International Finance Corporation (IFC) has been requested to provide a US$100 million loan to India’s UltraTech Cement. The loan will help to fund the expansion of the Chhattisgarh cement plant’s clinker production capacity. The project is estimated to cost US$297 million in total.

The project forms part of the cement manufacturer’s plans to expand its capacity in eastern India, with a new clinker plant also underway in Karnataka. Both are due to become operational in FY14. This will increase UltraTech Cement’s capacity by 9.2 million tpa, bringing its total to 62 million tpa.

Adapted from press release by Louise Fordham.

Read the article online at: https://www.worldcement.com/asia-pacific-rim/04022013/cement_india_ultratech_cement_ifc_investment_clinker_expansion_26/

You might also like

Optimisation 2019

Optimisation 2019

Optimisation 2019 is an online conference for professionals in the cement sector. Since this is a completely virtual conference, you can join us from anywhere in the world, absolutely free. Register for free today »

 
 
 

Embed article link: (copy the HTML code below):