Tag: sanghi

MUMBAI: Billionaire Kumar Mangalam Birla plans to increase UltraTech Cement's capacity to 200 million tonne per annum (mtpa) in a bid to consolidate his market leadership position even as Gautam Adani adds heft to the building materials business through the Sanghi acquisition. Work has started on the next phase of growth, said Birla, chairman of UltraTech, adding that when completed, it will take the company's cement production capacity to 160 million tonne. But, "we aren't content with just that", he told shareholders at the company's 23rd annual shareholder...