Business
UltraTech to expand capacity by 21.9 mtpa investing Rs 13Kcr
Chennai, Oct 28
Cement major UltraTech Cement Ltd on Saturday said it will expand its capacity by 21.9 million tonne per annum (mtpa) at an outlay of about Rs 13,000 crore funded from internal accruals.
Part of the Aditya Birla group, UltraTech Cement said the expansion will be a mix of brown and green field projects. "Over the past seven years, UltraTech has strategically invested over Rs 50,000 crore to support India's rapidly changing infrastructure landscape. Our fresh commitment of Rs 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," Kumar Mangalam Birla, Chairman, Aditya Birla Group said.
He added: "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. With this round of capex UltraTech reinforces its position as one of the largest cement companies in the world and a national champion."
Part of the expansion includes investments in setting up additional 39 MW waste heat recovery systems (WHRS) capacity at a cost of Rs 453 crore and Rs 180 crore towards alternative fuel feeding and handling equipment.
UltraTech Cement will use green energy in excess of 60 per cent by the end of 2027.
This will be supported by a total WHRS capacity of over 400MW and renewable energy of approximately 1.5 GW.
Post commissioning of the third 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.
This will be achieved by setting up 4 greenfield and 4 brownfield plants alongwith 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 company said.
45 minutes ago
‘If I was on ballot, we would have won in landslide’: Trump after Republicans’ midterm rout
46 minutes ago
Sanskrit Vedic rituals at DMK veteran Durai Murugan’s family wedding spark debate over Dravidian ideals
47 minutes ago
K'taka sugarcane farmers set deadline, threaten massive jail bharo agitation
48 minutes ago
CM Satheesan vows to restore PSC credibility, calls recruitment scam cheating of public
49 minutes ago
24-year-old woman RTC conductor dies after being pushed from moving bus in Telangana
52 minutes ago
TN floats tenders for breakfast scheme supplies as beneficiary count crosses 34 lakh
55 minutes ago
Delhi Police arrest three in Karol Bagh gold theft case, recover jewellery worth Rs 45 Lakh
57 minutes ago
Shiv Sena(UBT) targets Centre, Maha govt over extortion threats, bulletproof shield for Big B
58 minutes ago
Guwahati hotel firing case: Prime accused killed in Assam Police encounter
59 minutes ago
Delhi Police book Prashant Bhushan for sharing 'doctored' video of Russian Foreign Minister
1 hour ago
Ram Temple Trust sends Diwali greetings, gratitude letters to donors via WhatsApp
1 hour ago
FM Sitharaman challenges Rahul Gandhi to debate in Parliament, not on social media
1 hour ago
Bengaluru-Chennai roots, H-1B fight: Suhas Subramanyam wins second term in US Congress
