UltraTech will invest over US$400 million to build a new integrated cement plant in Madhya Pradesh, as well as investing to improve performance at the plants acquired from Jaypee Group.
UltraTech Cement has released its financial results for the quarter ended 30 June 2017.
Indian cement maker and member of the LafargeHolcim group, ACC, has announced a 10% increase in cement sales in 1Q17.
More Indian Subcontinent news
Sales at Dalmia Cement grew 20% in FY2017, despite a backdrop of weakened cement sales overall in India.
Despite a slowdown from average growth of 13% between 2010 and 2016, cement demand in Sri Lanka will continue to be robust on infrastructure and residential construction activity.
Bangladesh’s cement demand will increase by 9% per year to 2021, as high population growth and increasing urbanisation drives investment in infrastructure and real estate.
Orient Cement, a subsidiary of CK Birla Group, is two acquire to cement businesses from Jaypee Group.