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UltraTech Cement’s board approves Rs 965 crore capex for modernization

18 Jan 2022 Evaluate

UltraTech Cement’s board has approved a capital expenditure (Capex) of Rs 965 crore for its modernization and to almost double the production capacity of its white cement brand Birla White. The company plans to increase the capacity of Birla White from the current 6.5 lakh tonnes per annum (LTPA) to 12.53 LTPA. The incremental capacity will be operational in a phased manner. The capacity expansion will help Birla White strengthen its presence in the growing white cement market, reducing its dependence on high-cost imports. 

UltraTech Cement is the largest manufacturer of grey cement, Ready Mix Concrete (RMC) and white cement in India.

Peers
Company Name CMP
Ultratech Cement 11088.00
Ambuja Cements 383.35
ACC 1233.45
Shree Cement 22390.00
Dalmia Bharat 1721.10
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