UltraTech Cement said that over the previous two decades, UltraTech has grown 11 times, far outpacing the industry’s increase of 4 times.
UltraTech Cement, owned by the Aditya Birla group, has announced the commissioning of two new greenfield projects in Chhattisgarh and Tamil Nadu, marking a significant milestone for the company.
With these additions, UltraTech’s total capacity has now reached 151.6 million tonnes per annum (mtpa), according to an exchange filing.
Capital Expenditure Plans
In addition to the commissioning of new projects, UltraTech Cement has outlined plans to invest Rs 32,400 crore in capital expenditure over the next three years. This substantial investment underscores the company’s commitment to further expand its operations and infrastructure.
Rapid Growth and Achievements
UltraTech Cement has achieved remarkable growth over the years, significantly outpacing industry growth rates. In the past two decades alone, the company has grown 11 times, demonstrating its dynamism and scale within the cement sector.
The recent milestone of reaching a capacity of 151.6 mtpa is a testament to UltraTech’s commitment to excellence and its role as a national champion in India’s development journey.
Chairman’s Perspective
Kumar Mangalam Birla, Chairman of the Aditya Birla Group, emphasized the significance of this achievement, highlighting India’s ascent on the global stage and the role of corporations like UltraTech in driving the country’s development.
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As a key player in India’s infrastructure growth, UltraTech Cement continues to play a pivotal role in shaping the nation’s future.
Expansion and Acquisition Plans
Apart from the newly commissioned projects, UltraTech has expanded its capacity by 18.7 mtpa in the past 12 months alone.
Additionally, the company is actively implementing expansion projects across 16 locations, aiming to add 35.5 mtpa to its capacity. Furthermore, UltraTech is in the process of finalizing the acquisition of Kesoram Cement, further bolstering its presence in the market.
Managing Director’s Statement
KC Jhanwar, Managing Director of UltraTech, expressed pride in the company’s growth journey and reiterated its commitment to supporting India’s long-term development goals.
With India’s strong growth trajectory, UltraTech Cement remains well-positioned to contribute significantly to the nation’s infrastructure and economic advancement.
