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

07 Apr 2026

Large Format Store Planned At M G Road Metro Station

M G Road station in Bengaluru is set to host the city’s first large-format commercial and experience space, with planning led by Bangalore Metro Rail Corporation Limited. BMRCL has invited proposals to develop and operate a central business district destination at the Purple?Pink Line interchange. The plan positions the station as a commercial hub designed to serve a broad commuter base across the city. The proposal is part of a broader effort to activate transit nodes commercially. Tender documents set a minimum monthly rental of Rs 0.944 million (mn), inclusive of GST, for the large-format..

Government Cancels Auction Of Eleven Critical Mineral Blocks

The government has cancelled the auction of 11 critical and strategic mineral blocks after receiving a poor investor response and failing to attract a sufficient number of qualified bidders. The decision represents a setback to plans to ramp up domestic exploration and production of critical minerals amid global supply chain disruptions and rising demand for materials used in clean energy and advanced technologies. The mines ministry issued an annulment notice setting out the reasons for the cancellations. The annulment notice indicated that the auction process for five mineral blocks was canc..

Gujarat Pushes Biogas Growth With 193 Operational Units

Gujarat has operationalised 193 biogas plants across the state and is planning to add 60 more units as part of a broader push to scale up clean and sustainable energy solutions. The existing plants, established under various government-supported schemes, process organic waste including cattle dung and agricultural residue to produce biogas and a nutrient-rich slurry. The output is mainly used for cooking and other energy needs in rural and semi-urban communities, while also improving local waste management practices. The Gujarat Energy Development Agency (GEDA) is leading the initiative and is..