Live Markets »News & Advice»Market News»Market News Details
Market News Details
Back

Green nod for UltraTech's 6 mn tonne cement plant worth Rs 2,500 cr in AP

Press Trust of India/New Delhi 10 Jun 19 | 03:55 PM

UltraTech Cement has got environment ministry's nod for a Rs 2,500 crore project in Andhra Pradesh, according to an official document.

Under the project, the company will set up an integrated cement plant at Petnikote village in Kurnool district with a clinker capacity of 4 million tonne per annum (MTPA), 6 MTPA of cement, 60 mega watt of captive power plant and 15 mega watt of waste heat recovery-based power unit.

Related Stories

    No Related Stories Found
Widgets Magazine

In a letter issued to the company, the ministry said it has given environment clearance to UltraTech Cement's proposed greenfield project in Andhra Pradesh with certain conditions. A greenfield project is built from scratch. There is no existing building or infrastructure in a greenfield project.

ALSO READ: UltraTech scores over ACC in March quarter due to strong volume growth

The company has already acquired 431.92 hectare land for the project, which is estimated to cost Rs 2,500 crore and generate employment for 900 persons, the document showed.

The company will have to get 'consent to establish and operate' from the Andhra Pradesh Pollution Control Board.

UltraTech Cement, an Aditya Birla Group firm, is the largest cement producer in India with production capacity of 68 MTPA. Its business is spread over five countries.

Widgets Magazine

Sensex

Company Price Gain (%)
Yes Bank111.952.19
M & M635.451.31
TCS2,275.001.11
St Bk of India353.251.09
Coal India256.850.96

Poll

Currently No Poll Available.

Online Portfolio

You can create Online Portfolio here using the below button.

Widgets Magazine