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Board of UltraTech Cement approves greenfield expansion in Rajasthan and hike in RFPI investment limit

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Capital Market
Last Updated : Dec 09 2017 | 3:50 PM IST

At meeting held on 09 December 2017

The Board of UltraTech Cement at its meeting held on 09 December 2017 has approved the setting up of 3.5 mtpa integrated cement plant at Pali, Rajasthan, at an investment of around Rs 1850 crore. Commercial production from the plant is expected to commence by June, 2020.

The Board also approved proposal for an increase in the investment limit by Registered Foreign Portfolio Investors including FIIs from 30% to 40% of the paid up equity share capital of the Company.

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First Published: Dec 09 2017 | 3:33 PM IST

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