UltraTech Cement has begun construction on a new greenfield cement plant in Pali in the Indian state of Rajasthan, just days after it was approved by the company’s board of directors. The 3.5 million tpy plant will bring the company’s capacity in the state to more than 13 million tpy.
The start of construction was marked by an innovative digital groundbreaking ceremony performed by the Chief Minister of Rajasthan, Vasundhara Raje Scindia from her officer in the state capital, Jaipur. The Chief Minister was joined by Chairman of UltraTech Cement, Kumar Mangalam Birla, and the company’s Managing Director, K. K. Maheshwari.
“Rajasthan has emerged as one of the fast-growing markets in north India, owing to several ongoing government infrastructure development initiatives,” said Birla. “UltraTech is proud to partner Rajasthan in its growth initiatives, by adding to its existing capacities of cement plants.”
The investment in the new cement plant is one of a number undertaken by UltraTech’s parent company, Aditya Birla Group, in the state. To date, these investments has totalled more than INR90 billion with nearly INR100 billion in further CAPEX planned, including the Pali plant.
“The country is in a positive mood today,” concluded Birla, who lauded recent structural changes to the Indian economy made by the government of Prime Minister Narendra Modi. These reforms “lay a strong foundation for the next round of growth for the nation and the states. We at the Aditya Birla Group are in step with these developments, and are preparing to participate in this fast-growth phase of the country.”
Read the article online at: https://www.worldcement.com/indian-subcontinent/13122017/ultratech-starts-construction-on-new-pali-plant/
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