UltraTech Cement Eyes Growth with Strategic Expansions
UltraTech plans to expand its capacity by acquiring India Cements and Kesoram Industries, adding 26.3 MTPA capacity. Aiming to enhance energy efficiencies and reduce debt, they set a Rs 10,000 crore capex. UltraTech anticipates strong demand growth due to government infrastructure spending and housing projects.
- Country:
- India
Cement giant UltraTech is gearing up for growth, setting aside Rs 10,000 crore to expand capacity and improve energy efficiency, as noted in the company's latest annual report. This initiative is part of its strategic plan to achieve an anticipated 7% growth by FY26.
The company, a key player in the Aditya Birla group, recently bolstered its portfolio by acquiring India Cements and the cement business of Kesoram Industries, resulting in a significant 26.3 MTPA addition to its grey cement capacity. There's also a plan for an organic capacity increase of 28.8 MTPA by FY27.
UltraTech expects its operational enhancements, amid strong governmental infrastructure focus, will offset its debt and enhance its market leadership. This ambition is reflected in their consistent drive toward a target milestone of 200 MTPA capacity.
(With inputs from agencies.)
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