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.

Infrastructure Transport

27 Jun 2026

Noida Airport Fuels NCR Realty Growth

The start of commercial operations at Noida International Airport has recently emerged as a major trigger for real estate growth across Noida, Greater Noida and the Yamuna Expressway region. The airport is expected to improve regional connectivity and support the next phase of development in eastern NCR.The airport, inaugurated on 28 March, has begun passenger services, while cargo operations are also expected to strengthen its role as an economic and logistics hub. Its operationalisation is expected to reduce dependence on Delhi’s Indira Gandhi International Airport for residents and busine..

thyssenkrupp and GlobalLogic Form AI Alliance

thyssenkrupp AG and GlobalLogic, a Hitachi Group company, have recently formed a strategic alliance to deploy autonomous robotics and Physical AI across heavy industry operations. The partnership aims to improve safety, reduce engineering bottlenecks and accelerate industrial transformation at scale.The alliance brings together thyssenkrupp’s industrial expertise with Hitachi’s innovation capabilities. It includes GlobalLogic, Method and Hitachi America R&D, creating a “Lab-to-Scale” pipeline that connects research, digital strategy, design and enterprise software engineering for i..

Platinum Corp Launches Luxury Suites in Santacruz

Platinum Corp has recently launched Platinum Stellar: Bespoke Presidential Suites, a premium residential project in Santacruz West, Mumbai. The development is positioned as a boutique luxury offering for homebuyers seeking expansive layouts, privacy and personalised living experiences.Located on Main Avenue, the project has been designed as a low-density, high-end residential address with spacious homes starting from 2,500 sq ft and extending to full-floor residences. The project targets HNIs, business owners and legacy residents from the Bandra-Khar-Santacruz belt.Platinum Stellar has been de..