India Cements Gets a ₹1,500 Crore UltraTech Makeover

UltraTech Cement has announced a ₹1,500 crore capital expenditure plan over the next two years to upgrade India Cements, following its acquisition in December 2024.

The investment is focused on boosting operational efficiency and profitability, with ₹1,000 crore earmarked for the installation of waste heat recovery systems (WHRS) and other margin-enhancing upgrades. These improvements are expected to start delivering returns by the fourth quarter of FY27, with a projected payback period of under three years.

UltraTech also reported that India Cements crossed the one million tonne mark in sales volume in March 2025. Additionally, favorable pricing trends in southern markets since April have further bolstered the outlook for margin growth. Alongside the capex plan, UltraTech is also exploring brownfield expansion opportunities within India Cements' existing network.

News by Rahul Yelligetti.