UltraTech Cement plans Rs.5000 crore investment

UltraTech Cement is planning a new plant at Tyuni in Dehradun district and another at Someshwar in Almora district, at an investment of more than Rs.5000 crore. The Tyuni plant will have a capacity of 3.5 million tpa of cement and the Someshwar plant will have a capacity of 2 million tpa.

The state government issued a letter of intent to the company’s managing director this week, and has said it will soon sign an MoU with the company, which has been asked to complete all environmental clearances in order to set up the plants.

This is the largest such investment in the state, which was hard hit by heavy rains and flooding in June of this year.

Chief Minister Vijay Bahguna told press that the new plants will boost employment and improve the economy in the two selected towns.

Edited from various sources by Katherine Guenioui

Read the article online at: https://www.worldcement.com/asia-pacific-rim/12122013/ultratech_to_set_up_two_new_cement_plants_in_northern_india_506/