India’s cement industry will add 80-100 million tonnes (mt) of capacity by 2024-25 (FY25), driven by increased spending on housing and infrastructure, Aditya Birla Group Chairman Kumar Mangalam Birla said in the latest annual report of UltraTech Cement.
Birla is also chairman of UltraTech — the country’s largest cement manufacturer.
Addressing shareholders, Birla, 55, said the company was committed to tapping into the cement needs across various regions, including eastern and central parts, where new capacities had been commissioned recently in Bihar, West Bengal, and Uttar Pradesh.
UltraTech will add around 22.6 mt capacity by FY25 after its board approved