What’s New at UltraTech?

It’s not just more cement and clinker; India’s biggest cement player is moving deeper into the construction value chain

UltraTech Cement, India’s largest cement manufacturer, has been on an accelerated acquisition path in the last few years. With a domestic capacity of over 188.8 million tonnes per annum, UltraTech is a company that’s thinking big.

However, the last year has been unusual. UltraTech has not just significantly augmented its manufacturing capacity, it has forayed into new businesses, and notably advanced its sustainability roadmap. The USD 8.9-billion powerhouse is expanding its footprint across the construction value chain, while taking large strides in its sustainability journey.

The Entry into Wires & Cables

In line with the Company’s strategy to strengthen its position as a comprehensive Building Solutions provider, UltraTech Cement has forayed into the wires and cables business. With a capital allocation of Rs.1,800-crore, to be deployed over the next two years, UltraTech proposes to leverage its extensive manufacturing expertise coupled with its connect with end-customers to deliver high-quality wires and cables, thereby targeting a higher share of the customers wallet. The new plant is being set up near Bharuch in Gujarat and is expected to be commissioned by December 2026.

The product offering falls under UltraTech Building Solutions (UBS) vertical, which is India’s first multi-category retail chain for home builders, supporting them through every stage of construction as a one-stop-solution provider.

With this entry, UltraTech aims to meet the growing demand for wires and cables across various sectors, including residential, commercial, infrastructure and industrial applications. The wires and cables industry has witnessed revenue CAGR of around ~13% between FY19 to FY24. With demand migration from the unorganised to the organised market, the outlook continues to remain robust, providing an attractive opportunity for a trusted brand.

Ramping up Putty Production

In a strategic decision to fast-track expansion in the white cement-based putty and value added products segment, UltraTech acquired Wonder WallCare in April 2025, which gives the Company access to a new state-of-the-art 600,000 metric tonnes per annum manufacturing plant at Rajsamand, Rajasthan. The venture will add to the Company’s existing offerings under the Birla White brand umbrella.

The Wonder WallCare plant is situated at the pithead of large high quality raw material reserves, and in close proximity to the Company’s existing putty manufacturing facilities in Rajasthan. Constructed in 2022-23, this plant is one of the largest single-location putty manufacturing sites in India, with a capability to ramp up its capacities in future. This acquisition will help UltraTech to expand its putty and value-added products’ production capacity, in the highly competitive and fragmented putty manufacturing market in India.

All Set for 200 Million Tonnes Target

UltraTech’s organic and inorganic expansions have led to it almost doubling capacity since it crossed 100 MTPA in 2018. With the latest successful acquisition of the cement business of Kesoram Industries Limited in February 2025, UltraTech Cement’s total capacity in India has reached ∼188.8 MTPA, and the Company’s consolidated capacity is now ∼192 MTPA. The cement major, with 34 integrated manufacturing units, 34 grinding units, one clinkerisation unit, nine bulk packaging terminals and a network of over 1.4 lakh channel partners across the country, is firmly on course to achieve its target of 200 MTPA by 2027.

The Kesoram acquisition follows the December 2024 acquisition of India Cements, which brought in 14.5 MTPA capacity across plants in Tamil Nadu, Telangana, Andhra Pradesh and Rajasthan. The acquisition enabled UltraTech to enhance its geographic reach in the fast-growing southern markets, while unlocking synergies in manufacturing, distribution and logistics alignment.

USD500 million in Green Financing

UltraTech has stayed steady on its sustainability path, including initiatives for water positivity, net carbon zero and net zero diversity loss. After the success of its inaugural sustainability-linked bond issuance in 2021, the Company raised another US$500 million green loan in August 2024 from a consortium of six banks. This financing signifies UltraTech’s commitment to align its funding strategy with its sustainability and ESG goals.

The Company’s Sustainability-Linked Financing Framework is aligned with the sustainability-linked bond and loan principles. Targets include reduction of scope 1 emissions by 27% by March 31, 2032, from a FY17 baseline and increasing the share of green energy from waste heat recovery system (WHRS), solar and wind power in its total energy mix to 85% by FY30 and 100% in FY50.

UltraTech is well ahead on this path, leading cement companies in India

It is among the first industrial companies in India to have commissioned 1 GW of renewable energy capacity for captive use. Combined with its 351 MW in WHRS, UltraTech’s cumulative green energy capacity has now reached 1,372 MW, already catering to about 46% of the current power requirements.

The Path of Sustainable Growth

In all its recent moves, UltraTech has kept future-readiness at the heart of its strategy. The portfolio and capacity expansion are aligned with customer-centricity and scale of economy, while the Company continues to forge ahead on its initiatives for Decarbonisation, Energy Management, Renewable Energy, Circular Economy, Water Stewardship, Biodiversity and Land Use, Responsible Mining and Supply Chain Management. To sum up, UltraTech cement best quality is creating long-term and sustainable stakeholder value, while moving closer to satisfy its end customer.