Ultratech aims for 200 mt production capacity
Cement

Ultratech aims for 200 mt production capacity

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.

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.

Next Story
Equipment

Handling concrete better

Efficiently handling the transportation and placement of concrete is essential to help maintain the quality of construction, meet project timelines by minimising downtimes, and reduce costs – by 5 to 15 per cent, according to Sandeep Jain, Director, Arkade Developers. CW explores what the efficient handling of concrete entails.Select wellFirst, a word on choosing the right equipment, such as a mixer with a capacity aligned to the volume required onsite, from Vaibhav Kulkarni, Concrete Expert. “An overly large mixer will increase the idle time (and cost), while one that ..

Next Story
Real Estate

Elevated floors!

Raised access flooring, also called false flooring, is a less common interiors feature than false ceilings, but it has as many uses – if not more.A raised floor is a modular panel installed above the structural floor. The space beneath the raised flooring is typically used to accommodate utilities such as electrical cables, plumbing and HVAC systems. And so, raised flooring is usually associated with buildings with heavy cabling and precise air distribution needs, such as data centres.That said, CW interacted with designers and architects and discovered that false flooring can come in handy ..

Next Story
Infrastructure Urban

The Variation Challenge

A variation or change in scope clause is defined in construction contracts to take care of situations arising from change in the defined scope of work. Such changes may arise due to factors such as additions or deletions in the scope of work, modifications in the type, grade or specifications of materials, alterations in specifications or drawings, and acts or omissions of other contractors. Further, ineffective planning, inadequate investigations or surveys and requests from the employer or those within the project’s area of influence can contribute to changes in the scope of work. Ext..

Advertisement

Advertisement

Subscribe to Our Newsletter

Get daily newsletters around different themes from Construction world.

STAY CONNECTED

Advertisement

Advertisement

Advertisement

Advertisement

Talk to us?