7 months ago
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UltraTech Cement announced an concern of ₹10,255 crore to grow its cement accumulation capableness by 22.8 mtpa, including that of its subsidiary India Cements Ltd., the institution said successful a connection connected Saturday.
This expansion, approved by the Board of Directors astatine its meeting, volition beryllium executed done a premix of brownfield and greenfield projects.
Kumar Mangalam Birla, Chairman, Aditya Birla Group said, “India is present a commanding unit successful the planetary cement landscape, and UltraTech stands astatine the helm arsenic its foremost champion.”
“This latest capableness enlargement follows much than ₹50,000 crore invested implicit the past 5 years, underscoring heavy and sustained assurance successful the Indian system and the standard of its infrastructure ambitions,” helium said.
“With this investment, we are reinforcing momentum crossed halfway sectors and contributing meaningfully to the acceleration of India’s economical flywheel. As India enters a transformative epoch of infrastructure and economical development, UltraTech is well-positioned to conscionable the rising request for cement,” helium added.
UltraTech ranks arsenic the 2nd largest cement institution globally by capableness and the largest by income volume, (excluding China).
Commercial accumulation from these caller capacities is expected to spell afloat connected watercourse successful a phased manner, starting from FY28 and volition summation the company’s cement capableness to 240.76 mtpa globally.
