UltraTech announces Rs 12k cr capex for capacity expansion

06 Jun 2022 CW Team

UltraTech Cement announced a capital expenditure (capex) of Rs 12,886 crore for increasing its capacity by 22.6 million tonnes per annum (mtpa) with a mix of brownfield and greenfield expansion.

Chairman of Aditya Birla Group, Kumar Mangalam Birla, said that the target would be achieved by setting up integrated and grinding units and bulk terminals. The capacity expansion plan is a significant milestone in the ongoing transformational growth journey of UltraTech. The company has over doubled its capacity over the last five years and is committed to meeting India’s future needs for housing, roads, and infrastructures.

He said that new capacity addition would create employment, leading to jobs and growth across multiple regions in India.

Commercial production from these new cement capacities is expected to grow in a phased manner by FY25. The company's current expansion programme is on track and estimated to be completed by FY23.

After completing the expansion, its capacity will increase to 159.25 mtpa, strengthening its position as the third-largest cement company in the world, outside of China.

Adani Group acquired Holcim’s cement business in India for $10.5 billion, the largest mergers and acquisitions (M&A) transaction in the infrastructure and materials industry in India.

Holcim holds a 63.19% stake in Ambuja Cements Limited and 54.53% in ACC Limited. The value for the Holcim stake and open offer consideration for Ambuja Cements and ACC is $10.5 billion.

Image Source

Also read: UltraTech enters race to buy Holcim’s stake in Ambuja Cement, ACC

Infrastructure Urban

06 Apr 2026

InsideFPV Delivers ₹10 Crore Kamikaze Drone Order Under MoD’s EPR Route

InsideFPV, a Surat-based drone technology manufacturer, has successfully executed a ₹10 crore defence contract to supply indigenous kamikaze drones under the Ministry of Defence’s Emergency Procurement Route (EPR). The company completed the delivery of hundreds of FPV kamikaze drone platforms within a rapid two-month timeframe, highlighting its ability to meet urgent military procurement timelines.The supply orders were fulfilled under the emergency procurement mechanism, which is aimed at fast-tracking acquisitions for immediate operational needs. InsideFPV’s quick execution reflects it..

Vedanta Resources Secures Fitch Upgrade to ‘BB-’, Best Rating Since 2015

Vedanta Resources Limited (VRL), a global player in metals, oil & gas, critical minerals, power and technology, has received a credit rating upgrade from Fitch Ratings, marking its strongest bond rating in over a decade.Fitch has raised Vedanta Resources’ Long-Term Foreign-Currency Issuer Default Rating (IDR) to ‘BB-’ from ‘B+’, while maintaining a Stable Outlook. The agency also upgraded VRL’s senior unsecured rating, along with the ratings of US dollar-denominated bonds issued by Vedanta Resources Finance II Plc and guaranteed by VRL, to ‘BB-’.The upgrade represents Vedan..

NAREDCO NextGen NCR Chapter Launched

The NAREDCO NextGen NCR Chapter was recently launched at Excelerate 2026 in Mumbai, marking a key step towards integrating emerging real estate leaders from the National Capital Region with the national platform. The initiative aims to promote sustainable and responsible urban development through collaboration and knowledge exchange.The event brought together young developers, entrepreneurs, and professionals from across NCR, including Noida, Gurugram, Ghaziabad, Faridabad, Bhiwadi, and Meerut. Discussions focused on urban development, finance, sustainability, innovation, and policy, emphasisi..