UltraTech Cement starts new cement capacity at Gujarat's Magdalla plant

03 Aug 2023 CW Team

UltraTech Cement, India's largest cement producer, that the commissioning of the 1.2 million tonne per annum (mtpa) brownfield cement capacity at Magdalla, Gujarat, had taken place.

It was stated that the new addition resulted in the unit's total capacity reaching 1.93 mtpa. Furthermore, UltraTech Cement informed the stock exchanges that its total grey cement manufacturing capacity in India had now reached 132.45 mtpa.

In the previous month, UltraTech Cement had reported robust growth in revenue and profit for the quarter ending in June 2023, surpassing analyst estimates.

The company had disclosed a net profit of Rs 16.90 billion for the quarter, which was 7% higher than the net profit of Rs 15.82 billion reported in the same quarter of the previous year.

Additionally, the revenue had surged by 17% in the quarter under review, amounting to Rs 177.37 billion compared to Rs 151.63 billion reported in Q1 FY23.

UltraTech Cement had mentioned that its domestic sales volume in the June quarter had increased by 20 percent year-on-year, with a capacity utilisation rate of 89%.

The company had also added that the demand for cement across all sectors continued to remain strong, which was highly favourable for its performance. Moreover, it was expected that higher infrastructure spending ahead of the general elections in 2024 would further boost cement demand during the current fiscal year.

Also read:
BMC Awards NCC-J Kumar JV Contract for GMLR Twin Tunnels
NHIDCL collaborates with NIT Jamshedpur for Innovative Highway Solution

Infrastructure Urban

09 Jan 2026

Mount Invests Rs 250 Cr, Adds PUF & PEB Plants, 400+ Jobs

TUMKUR, Karnataka, January 8, 2025 - Mount Roofing & Structures Private Limited, one of India's fastest-growing manufacturers in PUF and a leading solutions provider across Pre-Engineered Building (PEB) and Polycarbonate sheets, simultaneously inaugurated its second fully automated continuous Sandwich Panel manufacturing line and a new PEB manufacturing plant at its integrated campus in Tumkur." The milestone expansion, part of a total investment of INR 250 crores, marks a significant advancement in the company's commitment to engineered performance, manu..

Titan Intech Strengthens UltraLED Push With Global LED Veteran

Titan Intech has announced the induction of global LED industry veteran Su Piow Ko to its Board of Directors, marking a strategic step in strengthening its UltraLED Displays roadmap and building globally competitive LED display solutions from India.The appointment aligns with Titan Intech’s ambition to position India as a hub for advanced, high-quality LED display manufacturing. With an increased focus on UltraLED Displays, the company aims to enhance technical governance, raise manufacturing standards and expand its presence across global markets.Su Piow Ko brings over three decades of inte..

Dun & Bradstreet Flags New Growth Engines in India 2026 Outlook

Dun & Bradstreet has released its India 2026: D&B’s Perspective report, projecting a stable macroeconomic environment underpinned by fresh opportunities for productivity-led and inclusive growth. The report outlines how India’s next growth phase will be driven by digitised logistics, trusted data ecosystems, clean energy and rising city vitality.According to the outlook, India’s GDP growth is expected to reach around 6.6 per cent by FY2027, supported by resilient consumer demand and sustained public investment. Manufacturing is seen entering a new phase, moving beyond scale towar..