UltraTech Cement Aims for 200 MTPA Production, Chairman Announces at AGM

14 Aug 2023 , 10:03 AM

UltraTech Cement, a leading cement manufacturer in the country, aims to achieve an impressive production capacity of 200 million tonnes per annum (MTPA), setting its sights on becoming a global cement giant, as stated by Chairman Kumar Mangalam Birla during the company’s 23rd Annual General Meeting (AGM).

The company is in the midst of its next growth phase, with plans to add 22.6 MTPA capacity. Once completed, UltraTech’s cement production capacity will surpass 160 MTPA, solidifying its position in the industry.

Birla emphasized the importance of the 200 million tonnes target, aiming to reinforce the company’s status as a significant player on the global cement stage.

UltraTech’s capacity growth journey in FY22 saw an installed capacity of 132.4 MTPA, followed by an additional 5.5 MTPA in FY23, bringing the total cement production capacity to 137.85 MTPA.

The expansion of grey cement production capacity, from 66.3 MTPA in FY16 to 132.4 MTPA in FY23, has been acknowledged as an unprecedented achievement in the industry. FY23 marked a significant milestone for UltraTech, achieving the distinction of being the first Indian cement company to record sales volumes exceeding 100 million tons in a fiscal year.

Birla cited the rapid pace of expansion, especially considering the relatively recent attainment of a production capacity of over 100 million tons. According to data from the Cement Manufacturers Association, India’s total installed cement capacity stands at 541 MTPA.

In FY2022-23, UltraTech’s net revenues reached USD 7.9 billion (Rs. 63,240 crores), with an EBITDA of USD 1.4 billion (Rs. 11,123 crores), showcasing robust financial performance.

UltraTech aims to set new industry benchmarks by harnessing manufacturing excellence, customer-centricity, advanced technologies, and sustainability across its value chain. With 23 integrated manufacturing units, 29 grinding units, one clinker unit, and 8 Bulk Packaging Terminals, UltraTech is a significant player in the sector.

Notably, UltraTech stands as the third-largest cement producer globally (excluding China), boasting over 100 MTPA of cement manufacturing capacity in a single country, a feat achieved outside of China. The company’s operations span the UAE, Bahrain, Sri Lanka, and India, solidifying its global presence.

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