India's leading cement manufacturer, UltraTech Cement, has announced plans to invest Rs 13,000 crore to expand its capacity by 22 million tonnes per annum (MTPA). The investment is part of the company's strategy to meet the increasing demand for cement in the country's growing infrastructure sector.

The expansion plans include setting up new cement plants, grinding units, and increasing the capacity of existing plants across various locations in India. UltraTech aims to enhance its presence in key markets and consolidate its position as one of the largest cement producers in the country.

With this investment, UltraTech hopes to address the rising demand for cement, driven by government initiatives such as the Pradhan Mantri Awas Yojana (PMAY) and the Smart Cities Mission. These initiatives are expected to boost the construction sector and drive the demand for cement in the country.

The expansion is also in line with UltraTech's strategy to capitalize on the government's push for affordable housing