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UltraTech Cement estimates capex of Rs 2,500 cr for FY19

UltraTech Cement, part of the Aditya Birla Group, has estimated a capital expenditure of about Rs 2,500 crore for the financial year 2018-2019. This is for capacity expansion projects, waste heat recovery systems, regulatory requirements, plant infrastructure and routine maintenance, the company said in its annual report.During the year ended March 31, 2018, the company said it spent over Rs 1,900 crore on various capital expenditure during the year. These include a greenfield project at Manawar in Madhya Pradesh?s Dhar; Bara grinding unit in Uttar Pradesh; waste heat recovery system in Chhattisgarh and capex related to modernisation. Meanwhile, the net capital expenditure for FY18 increased by a sharp 49% to Rs 1,836 crore.Specifically, the company commissioned a greenfield clinker capacity of 2.5 MTPA in Madhya Pradesh, a cement-grinding facility of 1.75-MTPA capacity and an auto-loading facility. Another cement-grinding facility of 1.75-MTPA capacity, as well as a WHRS of 13-MW capacity, is under erection and both are expected to be completed before September 2018, the annual report stated.
Source: Latest News

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