UltraTech announces Rs 12,886 cr capex plan as competition grows in cement

Bracing for stiff competition, the firm looks to boost capacity by 22.6 mtpa

UltraTech, the country’s largest cement maker, on Thursday said its board had approved a new capital expenditure (capex) plan of Rs 12,886 crore, as the firm braces for competition in the sector.

The capex, the company said, would be to increase capacity by 22.6 million tonnes per annum (mtpa) through brownfield and greenfield projects. This would entail setting up integrated and grinding units as well as bulk terminals across the country, UltraTech said, with commercial production from these units going on stream in a phased manner by financial year 2024-25 (FY25).

The capacity expansion would be undertaken at a cost of $76