Down, yes! But, certainly not out It’s true that Swiss major 
Holcim has literally rocked the Indian cement sector with its aggressive takeovers of Gujarat Ambuja and ACC, but the Birla flagship company Grasim industries is bracing itself to regain its hitherto unchallenged dominance. On August 28, 2006, at Ultratech Cement’s AGM, Chairman K. M. Birla announced a capex of Rs.14.24 billion, to be employed over the next three years. Elaborating further on the investment, Birla stated, “Of this (investment), Rs.844 crore is towards the installatio of captive power plants at units in Gujarat and Chhatisgarh... we will additionally invest Rs.1,274 crore towards a 4 mtpa capacity expansion at UltraTech’s plant in Andhra Pradesh.” The group plans to ramp up its cement capacity to 45 mtpa by the financial year 2009.
For Complete IIPM - Article, Click on IIPM-Editorial Link
Source:- IIPM-Business and Economy, Initiative:- Prof. Arindam Chaudhuri - 2006
Holcim has literally rocked the Indian cement sector with its aggressive takeovers of Gujarat Ambuja and ACC, but the Birla flagship company Grasim industries is bracing itself to regain its hitherto unchallenged dominance. On August 28, 2006, at Ultratech Cement’s AGM, Chairman K. M. Birla announced a capex of Rs.14.24 billion, to be employed over the next three years. Elaborating further on the investment, Birla stated, “Of this (investment), Rs.844 crore is towards the installatio of captive power plants at units in Gujarat and Chhatisgarh... we will additionally invest Rs.1,274 crore towards a 4 mtpa capacity expansion at UltraTech’s plant in Andhra Pradesh.” The group plans to ramp up its cement capacity to 45 mtpa by the financial year 2009.For Complete IIPM - Article, Click on IIPM-Editorial Link
Source:- IIPM-Business and Economy, Initiative:- Prof. Arindam Chaudhuri - 2006
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