Ultratech aims for 200 mt production capacity

16 Aug 2023 CW Team

UltraTech Cement Ltd, led by chairman Kumar Mangalam Birla, is setting its sights on a substantial increase in production capacity. Birla announced during the company’s 23rd annual general meeting that they are determined to reach a production capacity of 200 million tonnes (mt), a significant leap from their current commissioned capacity of around 138 mt.

Birla acknowledged the unprecedented pace of expansion within the sector and highlighted ongoing capacity projects that will push the company's cement production capacity beyond 160 million tonnes per annum (mtpa). This remarkable growth includes the recent commissioning of an additional 5.5 mtpa in this fiscal year, bringing the total capacity to 137.85 mtpa.

Financially, UltraTech's performance remains strong, with a 7% year-on-year increase in profit for the June quarter, amounting to Rs 16.88 billion . The company achieved net revenue of Rs 177.37 billion during the quarter, marking a 17% growth, and recorded an Ebitda of Rs 322.3 million. Notably, UltraTech achieved sales volume of over 100 mt in FY23, showcasing its market presence.

Birla concluded with an optimistic outlook, considering a potential recovery in global growth and emphasising the company's commitment to sustainability. UltraTech aims to reduce carbon intensity and increase its green energy share significantly, aligning with its broader environmental goals.

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