UltraTech: UltraTech to buy Kesoram's cement unit
"The transaction will provide UltraTech with the opportunity to extend its footprint in the highly fragmented, competitive and fast-growing western and southern markets in the country," UltraTech said in a press statement. The company will also get better access to markets in south India, especially Telangana, where it currently does not have any cement manufacturing capacity.