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This investment marks the company’s entry in the State of Jharkhand.
"The company’s capacity in India now stands at 133 million tonnes per annum (MTPA),” the cement maker said in a statement.
UltraTech Cement is the cement flagship company of the Aditya Birla Group. It is the third largest cement producer in the world, outside of China, with a consolidated Grey Cement capacity of 137.85 MTPA.
The cement major's consolidated net profit jumped 69.56% to Rs 1,281.45 crore on 15.26% rise in revenue from operations to Rs 16,012.13 crore in Q2 FY24 over Q2 FY23.
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