UltraTech to Cross 200 MTPA Capacity by FY27 through Strategic Acquisitions and Expansions

UltraTech, a leading cement maker under the Aditya Birla Group, is set to surpass 200 million tonne per annum capacity by FY27, driven by recent acquisitions and expansion projects. Chairman Kumar Mangalam Birla highlighted the significant strides made by the company during the annual general meeting, underlining its global ambitions in the cement sector.

UltraTech, a frontrunner in the cement industry and part of the Aditya Birla Group, is poised to exceed 200 million tonne per annum (MTPA) capacity by FY27, Chairman Kumar Mangalam Birla announced on Wednesday.

The company has initiated an extensive capacity expansion drive, which is unparalleled on a global scale within the cement sector. Birla addressed shareholders during the annual general meeting (AGM), highlighting the acquisition of Tamil Nadu-based India Cements Ltd (ICL) and steps to acquire a 26% stake via a Rs 3,142 crore open offer slated to open on September 19.

Additionally, UltraTech has already secured a 32.72% stake in ICL from promoters for Rs 3,954 crore and received approval to acquire Kesoram Cement Business from Kesoram Industries in March. Facing competition from Ambuja Cements, UltraTech is expanding its capacity, aligning with the group's vision to lead the global cement sector.

(With inputs from agencies.)