UltraTech's Power Play: Rs 1,800 Cr Investment in Wires & Cables

UltraTech Cement has revealed its plans to enter the wires and cables market, announcing an investment of Rs 1,800 crore to set up a manufacturing facility near Bharuch, Gujarat, which is expected to be operational by December 2026.

This move is part of UltraTech’s broader strategy to strengthen its position as a complete building solutions provider. The Board of the Aditya Birla Group company has approved the proposal under its Building Products Division.

The company aims to meet the growing demand for wires and cables across various sectors, including residential, commercial, infrastructure, and industrial. UltraTech’s entry into this market is expected to deliver significant value to its shareholders.

News by Rahul Yelligetti.