Binani Cement rechristen UltraTech Nathdwara Cement
UltraTech Cement, after acquiring Binani Cement has changed its name and renamed it UltraTech Nathdwara Cement Ltd. In a regulatory filing to BSE, UltraTech Cement informed that “We write to inform you that Binani Cement Ltd is now ‘UltraTech Nathdwara Cement Ltd.” With this acquisition UltraTech Cement’s capacity in the North region has been increased 24 MTPA and its total capacity in India has gone up to 94.75 MTPA from the exiting 88.5 MTPA.
The National Company Law Appellate Tribunal in November 2018 has approved Rs 7,950 crore offer of UltraTech Cement for the purchase of debt- laden Binani Cement. UltraTech Nathdwara Cement has a total installed capacity to produce 6.25 million tonnes per annum (MTPA) cement and 4.59 MTPA clinker in Rajasthan.
@EPC World Media