(India) -- Aditya Birla Group, the country's biggest cement producer, aims to spend about Rs 70 billion (USD1.4 billion) over 3-4 years to expand its cement operations, it was reported yesterday.
The group, which is in the process of combining its cement business under UltraTech Cement by transfering some units from Grasim Industries, plans to take on Swiss firm Holcim that is expanding in India.
Holcim, the world's second largest cement maker, has management control in two Indian firms ACC and Ambuja Cements.
Source: http://www.moneycontrol.com/news/business/aditya-birla-group-to-invest-3614-billioncement-_439862.html