UltraTech to expand capacity

Chennai Cement major UltraTech Cement Ltd on Saturday said it will expand its capacity by 21.9 million tonne per annum (mtpa) at an outlay of about Rs 13,000 crore funded from internal accruals. Part of the Aditya Birla group, UltraTech Cement said the expansion will be a mix of brown and green field projects. “Over the past seven years, UltraTech has strategically invested over Rs 50,000 crore to support India’s rapidly changing infrastructure landscape. Our fresh commitment of Rs 13,000 crore underscores our deep-rooted belief in India’s economic potential. With each investment, we have not only expanded our footprint but also powered India’s needs for housing, roads, and other vital infrastructure,” Kumar Mangalam Birla, Chairman, Aditya Birla Group said.

He added: “Earlier this year, I had articulated our ambition to reach a capacity of 200 mtpa, and this expansion marks a pivotal step in that direction. With this round of capex UltraTech reinforces its position as one of the largest cement companies in the world and a national champion.”