Latest News | UtraTech Cement Faces Demand Order of Rs 21.13 Cr from Chhattisgarh Govt
Get latest articles and stories on Latest News at LatestLY. UltraTech Cement, the country's leading cement maker on Friday said it has received a demand order of Rs 21.13 crore from the Chhattisgarh government for not following minimum production requirements.
New Delhi, Mar 29 (PTI) UltraTech Cement, the country's leading cement maker on Friday said it has received a demand order of Rs 21.13 crore from the Chhattisgarh government for not following minimum production requirements.
The Aditya Birla Group firm said in a regulatory filing that it received the demand order on Thursday.
"The company has received a demand order from the Collector, Balodabazar, Mining Department, Chhattisgarh, for an amount of Rs 21.13 crore against minimum production requirement as per the Mine Development and Production Agreement ("MDPA")," said UltraTech.
On details of the violations alleged to have been committed, it said, "production not done as per MDPA".
UltraTech has a grey cement manufacturing unit at Baloda Bazar, Bhatapara, Chhattisgarh.
The company has a consolidated capacity of 146.2 million tonnes per annum of grey cement and is the third largest cement producer in the world, excluding China.
(The above story is verified and authored by Press Trust of India (PTI) staff. PTI, India’s premier news agency, employs more than 400 journalists and 500 stringers to cover almost every district and small town in India.. The views appearing in the above post do not reflect the opinions of LatestLY)