Tag: India: UltraTech Cement approves acquisition of 1.1 mnt/yr grinding unit in Maharashtra

UltraTech Cement, a leading player in India’s cement industry, recently approved the acquisition of a grinding unit boasting a 1.1 million tonnes per annum (mnt/annum) installed capacity, along with a captive railway siding, in Parli, Maharashtra. This strategic acquisition from The India Cements Limited, structured through an Asset Purchase Agreement, fortifies UltraTech’s position in the…