UltraTech Cement Eyes Remarkable Growth Amidst Rising Demand

UltraTech Cement reports a projected 7-8% growth in demand for cement, driven by increased construction activities. The industry plans to add 35-40 million tonnes of capacity, particularly in the eastern and southern regions. This expansion aligns with India's infrastructure growth and UltraTech's aggressive capacity augmentation.

UltraTech Cement forecasts a 7-8% rise in demand for cement driven by heightened construction activities across India, according to its annual report.

The Indian cement industry is poised to add 35-40 million tonnes in capacity in the next fiscal year, with 60-65% of this growth focused on eastern and southern regions, the Aditya Birla group flagship firm revealed.

This surge in demand is projected to boost the industry's capacity utilization to 72% in FY25, up from 68% in FY23. UltraTech's Chairman Kumar Mangalam Birla highlighted India's infrastructure sector's significant growth, estimating a 15.3% compound annual growth rate in investments over the next five years. This robust growth is expected to culminate in a cumulative expenditure of USD 1.45 trillion, as per Morgan Stanley's report.

(With inputs from agencies.)