Each corporations have entered into an settlement to execute the transaction.
The Board of Administrators of UltraTech Cement authorized the deal at its assembly held on Saturday, mentioned the corporate at its assembly.
After the acquisition, UltraTech will increase the grinding capability at Parli by 1.2 mtpa with an funding of ₹166 crore.
The acquisition of the asset will assist the corporate to strengthen its presence within the quickly rising Maharashtra markets, it added.
UltraTech can even increase capability at its Dhule plant in Maharashtra by 1.8 mtpa with an funding of Rs 338 crore.
The brownfield expansions will probably be funded by way of inside accruals and accomplished by FY’26.
Brownfield growth
After finishing the brownfield growth with an funding of ₹504 crore, the general home capability will improve by 3 mtpa to 150.3 mtpa from the present home capability of 147.3 mtpa (together with the acquired Parli unit).
UltraTech has acquired NCLT approval for the Scheme of Amalgamation of UltraTech Nathdwara Cement, a wholly-owned subsidiary of the corporate and its wholly-owned subsidiaries Swiss Merchandise Infrastructure and Advantage Plaza with itself.
The merger has come into impact from April 20.
All belongings and liabilities of the three subsidiaries will probably be transferred to UltraTech and the three corporations will probably be dissolved with out winding up, mentioned UltraTech.
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