UltraTech Cement customers benefit from recent tax revision

Monday, 16 December 2019 01:39 - - {{hitsCtrl.values.hits}}

UltraTech Cement Lanka Ltd., in a statement said it welcomes the Government initiative to reduce VAT and eliminate NBT. Its effect on the prices of construction material is expected to benefit the construction industry in Sri Lanka.

As part of its commitment towards the growth of the Sri Lankan economy, the company as a goodwill gesture has passed on the benefits of the reduction in VAT and removal of NBT to its customers across all market segments in Sri Lanka with effect from 1 December. This has resulted in a reduction in cement prices, thereby benefitting its customers.

UltraTech Cement Lanka Ltd. is a part of UltraTech Cement Ltd., the third largest cement company in the world (excluding China) with a production capacity of over 117 MTPA. UltraTech Cement Lanka is the preferred choice of engineers and project customers for delivering consistent quality.

UltraTech Cement Ltd. is the largest manufacturer of grey cement, ready mix concrete (RMC) and white cement in India. UltraTech as a brand embodies ‘strength’, ‘reliability’ and ‘innovation’. Together, these attributes inspire engineers to stretch the limits of their imagination to create homes, buildings and structures, which redefine the new nation.

UltraTech Cement is part of Aditya Birla Group, a $48.3 billion corporation in the League of Fortune 500.