Chennai
UltraTech Cement Ltd, a leading player in the cement industry, has announced its plans to increase its capacity by 21.9 million tonnes per annum (mtpa) with an estimated investment of approximately Rs 13,000 crore. The expansion project will be funded through internal accruals. This expansion initiative, which is part of the Aditya Birla group, will encompass a combination of brownfield and greenfield projects. In the past seven years, UltraTech has strategically invested over Rs 50,000 crore to support India’s rapidly evolving infrastructure landscape. This fresh commitment of Rs 13,000 crore reflects the company’s unwavering belief in India’s economic potential. Kumar Mangalam Birla, Chairman of the Aditya Birla Group, commented on the expansion, saying, 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 capital expenditure, UltraTech reinforces its position as one of the largest cement companies in the world and a national champion. The expansion project includes investments in the establishment of an additional 39 MW waste heat recovery systems (WHRS) capacity at a cost of Rs 453 crore, as well as Rs 180 crore for alternative fuel feeding and handling equipment. UltraTech Cement is committed to utilizing green energy in excess of 60 percent by the end of 2027, supported by a total WHRS capacity of over 400 MW and approximately 1.5 GW of renewable energy.
