Ultratech Cement plans to invest Rs 13,000 crores to add extra 21.9 million metric tons of capacity

30 Oct 2023 , 10:15 AM

The board of Ultratech Cement approved a Rs 13,000 crore investment on Saturday to increase capacity by an additional 21.9 mtpa (million tonnes per year) through a combination of greenfield and brownfield projects.

According to the corporation, in keeping with its goal of lowering carbon emissions, there would be no investment in thermal generating capacity.

The Company’s cement capacity will soar to 187 million tons per year globally due to the phased commercial production from these additional facilities, which is anticipated to begin in FY26.

According to a statement from the firm, the expansion also involves investments in alternative fuel feeding and handling equipment worth Rs 180 crores and an extra 39 MW of WHRS capacity, all of which will help the company meet its goal of reducing carbon emissions.

By the end of 2027, the company will use more than 60% green energy. According to the business, this will be backed by about 1.5 GW of renewable energy and a total WHRS capacity of over 400MW.

‘UltraTech has deliberately invested more than Rs 50,000 crores over the last seven years to assist India’s rapidly evolving infrastructure landscape. Our recent pledge of INR 13,000 crores is further evidence of our steadfast faith in India’s economic potential. The chairman of the Aditya Birla Group, Kumar Mangalam Birla, stated, ‘With each investment, we have not only increased our footprint but also fueled India’s needs for housing, roads, and other essential infrastructure.’

‘Earlier this year, I had expressed our goal to reach a 200 mtpa capacity, and this expansion represents a critical step in that direction,’ he stated. UltraTech solidifies its standing as a national champion and one of the biggest cement businesses in the globe with this round of capex.

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