Home INDIA UltraTech Cement Faces Demand Order Of Rs 21.13 Crore From Chhattisgarh Government

UltraTech Cement Faces Demand Order Of Rs 21.13 Crore From Chhattisgarh Government

0 comments
UltraTech Cement Faces Demand of Rs 21.13 Crore from Chhattisgarh Government
<!–

–>

UltraTech has a gray cement manufacturing unit at Baloda Bazar, Bhatapara, Chhattisgarh.

New Delhi:

UltraTech Cement, the country’s largest cement maker, on Friday said it has received a Rs 21.13 crore order notice from the Chhattisgarh government for not adhering to minimum production requirements.

The Aditya Birla Group company said in a filing with the regulator that it received the demand notice on Thursday.

“The company has received an order from the Collector, Balodabazar, Mining Department, Chhattisgarh, for an amount of Rs 21.13 crore against the minimum production requirement under the Mine Development and Production Agreement (“MDPA”),” UltraTech said.

Regarding the details of the violations alleged to have occurred, the company said: “The production was not conducted in accordance with the MDPA.”

UltraTech has a gray cement manufacturing unit at Baloda Bazar, Bhatapara, Chhattisgarh.

The company has a consolidated capacity of 146.2 million tons of gray cement per year and is the third largest cement producer in the world, excluding China.

(Except for the headline, this story has not been edited by WhatsNew2Day staff and is published from a syndicated feed.)

You may also like