Current Date: 22 Nov, 2024

UltraTech to Exceed 200 MTPA Capacity by FY27 Amid Expansion Surge

UltraTech Cement, the Aditya Birla Group's flagship company, is on track to surpass 200 MTPA capacity by FY27, driven by strategic acquisitions and expansion initiatives. This ambitious target was highlighted during the company's recent annual general meeting, marking a significant milestone in UltraTech's growth trajectory.

The company recently acquired a 32.72% stake in India Cements Limited (ICL) for Rs 3,954 crore and received approval to acquire Kesoram Industries' cement business, adding 10.75 MTPA and 14.45 MTPA capacities, respectively. These acquisitions, alongside ongoing capacity enhancements at existing units, are set to propel UltraTech's total production capacity well beyond its previous target.

UltraTech's expansion underscores the strong growth potential in India's cement sector. With its current production capacity already exceeding 150 MTPA, the company continues to solidify its position as a market leader.

The planned capacity expansion is part of a broader strategy to capitalize on long-term opportunities in the Indian cement industry, which is witnessing robust demand driven by infrastructure and real estate development.

As UltraTech moves towards its 200 MTPA goal, it reinforces its commitment to maintaining its leadership in the sector while contributing to the nation’s infrastructure growth.

News by Rahul Yelligetti

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Source : Projxnews