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.