The Business Bytes
TBB BUREAU
MUMBAI, OCT 28, 2023
The Aditya Birla Group flagship UltraTech Cement on Saturday announced to invest Rs 13,000 crore to add production capacity by 21.9 million tonnes per annum in the third phase of the growth, taking its total capacity to 182 MTPA after completion.
The Board of Directors, in a meeting held today, approved the capacity expansion, which will be through a mix of new projects and brownfield expansion.
The company has an existing capacity of 132.45 MTPA of domestic grey cement.
“Post commissioning of the 3rd phase of expansion, approved by the Board today, UltraTech will be strongly placed across the country with 35.5 MTPA in south; 40.4 MTPA in east; 36.2 MTPA in north; 35.7 MTPA in central and 33.8 MTPA in the west,” said a statement from the company.
This will be achieved by setting up 4 greenfield and 4 brownfield plants along with 4 greenfield bulk terminals.
Commercial production from these new capacities is expected to go on stream in a phased manner from FY26 onwards and will catapult the company’s cement capacity to 187 MTPA globally, the statement said.
Commenting on the development, Aditya Birla Group Chairman Kumar Mangalam Birla said this investment is yet another marker of UltraTech’s commitment to India’s growth story.
“Our fresh commitment of Rs 13,000 crores 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,” he said.
