UltraTech lines up ₹32K-cr capex push

ULTRATECH CEMENT, INDIA'S largest cement producer, has earmarked ₹32,400 crore as capex for the next three years for expansion of its production capacity, which will include completing its acquisition of Kesoram Cement.

- RAJESH KURUP

The Aditya Birla Group's flagship cement firm intends to expand capacity of grey cement to 198.2 million tonne per annum (MTPA).Apart from that, on Tuesday, it also commissioned two new greenfield capacities totalling 5.4 MTPA in Chhattisgarh and Tamil Nadu as part of its expansion plans. This takes its total cement capacity to 151.6 MTPA, UltraTech Cement said in a statement.

This capacity is more than 150% of the capacity in the United States and 80% of Europe's capacity.

"Reaching this milestone is symbolic of India's ascent on the global stage and demonstrates the dynamism and scale of Indian corporations.