As competition hots up, UltraTech Cement to invest Rs 12,886 cr in capex

This ambitious capacity expansion plan is a significant milestone in the ongoing transformational growth journey of UltraTech, says Kumar Mangalam Birla, chairman, Aditya Birla Group

UltraTech Cement on Thursday said its board had approved an investment of Rs 12,886 crore ($1.66 billion) to increase the cement maker's annual capacity by 22.6 mtpa with a mix of brownfield and greenfield expansion. This would be achieved by setting up integrated and grinding units as well as bulk terminals. The additional capacity will be created across the country.

Kumar Mangalam Birla, chairman, Aditya Birla Group, said: "This ambitious capacity expansion plan is a significant milestone in the ongoing transformational growth journey of UltraTech. The company has more than doubled its capacity over the last five years and is committed