UltraTech Cement is poised to take its capacity to 71.2 mtpa by March 31 next year on the back of ongoing projects as well as recent acquisitions, Chairman Kumar Mangalam Birla said.
"Despite the cement industry being snowed under the slowdown in the rural economy, lack of investment from both private and public sector coupled with the overall sluggish demand, UltraTech had put in a commendable performance. With the ongoing projects underway, the capacity in India will grow to 71.2 mtpa by the end of FY2015-16," Birla said. He said UltraTech?s directors have approved the acquisition of the cement units of Jaiprakash Associates Limited, situated at Bela and Sidhi in Madhya Pradesh.