Ultratech Cement Commissions Two Greenfield Projects Taking the Company’s Total Capacity to 151 MTPA
#Ultratech #Greenfieldprojects #AdityaBirla“This achievement is a significant milestone in UltraTech’s transformative growth journey. It has been our constant endeavour to drive sustainable growth by delivering superior value to all stakeholders. India’s strong growth trajectory provides the cement sector significant headroom for long term growth. As India’s leading cement and ready-mix-concrete company, UltraTech is well placed to support the country in its exciting growth journey ahead.” - KC Jhanwar, Managing Director, UltraTech Cement
April 2024: : Aditya Birla Group’s cement flagship, UltraTech Cement Limited, has recently commissioned two new greenfield capacities totaling 5.4 mtpa in the states of Chhattisgarh and Tamil Nadu, taking the Company’s total cement capacity to 151.6 mtpa. This capacity is more than 150 percent of the capacity in the United States and 80 percent of Europe's capacity.
It took 36 years for the cement business of the Aditya Birla Group, to get to a capacity of 100 mtpa. UltraTech has subsequently added the next 50 mtpa in less than 5 years with an investment of around INR ₹ 32,000 crores. Over the past two decades, UltraTech has grown 11 times, far outpacing the industry growth of 4 times.
Kumar Mangalam Birla, Chairman, Aditya Birla Group said, “Reaching this milestone is symbolic of India’s ascent on the global stage and demonstrates the dynamism and scale of Indian corporations. UltraTech, as a national champion, is an enabler of India’s development. With a mix of integrated cement plants, grinding units, bulk terminals across 59 locations in India along with 307 ready mix concrete plants, UltraTech’s scale and capacity footprint is unparalleled. And this scale will further enable UltraTech to service India’s growing demand for cement across the country.” He added, “This milestone underscores our pledge to continue laying the foundation for a resilient and prosperous India, ensuring our growth strides in tandem with the nation's development.”
Over the last 12 months, UltraTech has expanded its capacity by 18.7 mtpa. In addition to that, the ongoing expansion of 35.5 mtpa is actively being implemented across 16 locations. In addition, the Company is in the process of closing the proposed acquisition of Kesoram Cement. This will further augment UltraTech’s grey cement capacity to 198.2 mtpa. UltraTech is committed to a capex of INR ₹ 32,400 crores over the next three years.
KC Jhanwar, Managing Director, UltraTech Cement, said, “This achievement is a significant milestone in UltraTech’s transformative growth journey. It has been our constant endeavour to drive sustainable growth by delivering superior value to all stakeholders. India’s strong growth trajectory provides the cement sector significant headroom for long term growth. As India’s leading cement and ready-mix-concrete company, UltraTech is well placed to support the country in its exciting growth journey ahead.”
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