Ultratech announces Rs 12,886 cr investment towards capacity expansion

UltraTech Cement announces an investment of Rs. 12,886 crores for a 22.6 MTPA capacity increase at a cost of US$ 76 per tonne of cement

An increase in capacity of 22.6 million tonnes per year (mtpa) has been approved by the Board of Directors today, with a combination of brown field and green field expansion.

By putting up integrated and grinding equipment and bulk terminals, the goal will be achieved. All around the country, more capacity will be built to meet the increased demand.

By the end of FY25, these new capacities are planned to begin commercial production in a staggered way. In the current growth plan, UltraTech expects to be finished by the end of fiscal year 23.

Mr. Kumar Mangalam Birla, Chairman, Aditya Birla Group said, “This ambitious capacity expansion plan is a significant milestone in the ongoing transformational growth journey of Ultra Tech. The company has more than doubled its capacity over the last five years and is committed to meeting India‘s future needs for housing, roads, and other infrastructure. This investment is backed by a strong conviction on India’s growth potential as well as a deep and nuanced understanding of the market dynamics of the cement industry. Given the size of the investment outlay, I am confident that this new capacity creation will have a multiplier effect leading to jobs and growth across multiple regions in India.”

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