India Cements becomes subsidiary of UltraTech
CHENNAI: Close on the heels of the Competition Commission of India (CCI) approving UltraTech Cement‘s acquisition of India Cements, the latter has announced that it has become a subsidiary of UltraTech. The development will facilitate UltraTech adding India Cements’ 14.5 million tonnes capacity spread across Tamil Nadu, Telangana, Andhra Pradesh, and Rajasthan to its consolidated…