115.60 (0.94%) UltraTech Cement has entered into the wires and cables segment and will invest Rs 1,800 crore to set up a plant in Gujarat over the next two years as part of plans to expand its footprint in the construction value chain. The plant will be set up near Bharuch in Gujarat and is expected to be commissioned by December 2026.
The board of the Aditya Birla Group firm approved the proposal to extend its footprint in the construction value chain, through its Building Products Division. The Company aims to meet the growing demand for wires and cables across various sectors, including residential, commercial, infrastructure and industrial applications.
UltraTech Cement is the largest manufacturer of grey cement, Ready Mix Concrete (RMC) and white cement in India.