According to multiple sources, Ultratech has announced that it has secured coal supply for its cement plants and won linkages in Maharashtra.
The linkages include the Penganga OC mines – 52 000 tpy of G10 Grade at a basic floor price of Rs 1510 per t and a premium of Rs 20 per t.
The company also won the supply from Mana Incline for 30 000 tpy of Grade 8 at a basic floor price of Rs 2060 a t.
The firm had reported grey cement sales of 46.93 million t for 2015-16 against 43.38 million t in 2014-15 and 13.20 million t in 1Q of 2015-16 against 11.51 million t in the previous year.
Ultratech has an installed capacity of 69.3 million tpy. It has 12 integrated plants, 1 clinkerisation plant, 19 grinding units and 7 bulk terminals with operations spanning across India, UAE, Bahrain, Bangladesh and Sri Lanka.
Edited from sources by Joseph Green. Sources: LiveMint, Financial Express