UltraTech Cement Limited has authorized a new investment of 13,000 crore to boost its capacity by another 21.9 million tonnes per year (MTPA) via a combination of brownfield and greenfield projects, according to a company filing on the stock market on Saturday.
This additional investment, which has been authorized by the board, will assist UltraTech in achieving a capacity of 182 MTPA in India by establishing four greenfield and four brownfield facilities, as well as four greenfield bulk terminals.
“Over the past seven years, UltraTech has strategically invested over ₹50,000 crore to support India’s rapidly changing infrastructure landscape. Our fresh commitment of ₹13,000 crore underscores our deep-rooted belief in India’s economic potential. With each investment, we have not only expanded our footprint but also powered India’s needs for housing, roads, and other vital infrastructure,” said Kumar Mangalam Birla, chairman of Aditya Birla Group. “Earlier this year, I had articulated our ambition to reach a capacity of 200 MTPA, and this expansion marks a pivotal step in that direction.”
According to the firm, commercial production from these new projects will commence in stages beginning in FY26 and will increase the company’s worldwide cement capacity to 187 MTPA.
According to the corporation, the third phase of development would comprise expenditures of 453 crores in an additional 39-megawatt waste heat recovery system capacity. An additional 180 crore would be spent on alternate fuel feeding and handling equipment in order to minimize carbon emissions.
UltraTech claims to be well-positioned throughout the nation, with 35.5 MTPA in the south, 40.4 MTPA in the east, 36.2 MTPA in the north, 33.8 MTPA in the west, and 35.7 MTPA in central India.
The firm posted a profit of 1,280.38 crore in the second quarter, a 69% rise over the same time last year, last week. It also recorded a 15.24% growth in consolidated net sales to 16,179 crore year on year.
UltraTech Cement’s total domestic sales volume grew 15.37% to 25.66 MT in the second quarter of 2024, up from 22.24 MT in the second quarter of 2023. UltraTech Cement announced consolidated sales of 26.69 million tonnes (MT) in the second quarter ended September 30, 2023, a 15.54% increase over the same time previous year.