UltraTech to increase production capacity 10%

08 Dec 2020 CW Staff

The investment amount is far beyond the planned Rs 1,500 crore capex for the FY21. The company justified this by referring to the financial recuperation in the domestic market and the increase in the demand of the cement in general.

The developing markets of the eastern, central and northern regions of the country will be the prime locations for the creation of this additional capacity, the Aditya Birla Group stated in an official release. Amongst all the mentioned regions, the eastern region has generated the highest demand, thanks to increased labour availability as the migrant workers got back from their hometown due to lockdown. A Motilal Oswal report stated that this demand is also upheld by government spending in that region.

Kumar Mangalam Birla, the chairman at the Aditya Birla Group, stated that given the current financial scenery, the capital cost is in line with the government’s Atmanirbhar Bharat scheme, which aims to financially boost the core infrastructure sector and enable the cycle of private investments.

Greenfield projects will make up 28% of the total capacity expansion, while the balance will be made-up of brownfield projects. The new capacities will be phased out, starting from the fourth quarter of FY23.

The plan includes the organisation’s 6.7 mmt capacity expansion that is currently under progress in Odisha, West Bengal, Uttar Pradesh and Bihar. The process has picked up pace since the relaxation of lockdowns. It also includes the approval for the plant at Pali in Rajasthan.

The deleveraging programme that is currently underway to free UltraTech Cement of its long-term liabilities, by the time the expansion is completed, will not be affected by this capacity addition master plan. This plan is set to reinforce their position as the third-largest cement company in the world, outside of China.

Source: Business Standard

UltraTech Cement plans to raise their production capacity by 12.8 million metric tonne (mmt) to 136.25 mmt. The Board has approved an investment of Rs 5,477 crore to enable this expansion, which would be a mix of greenfield and brownfield projects. The investment amount is far beyond the planned Rs 1,500 crore capex for the FY21. The company justified this by referring to the financial recuperation in the domestic market and the increase in the demand of the cement in general. The developing markets of the eastern, central and northern regions of the country will be the prime locations for the creation of this additional capacity, the Aditya Birla Group stated in an official release. Amongst all the mentioned regions, the eastern region has generated the highest demand, thanks to increased labour availability as the migrant workers got back from their hometown due to lockdown. A Motilal Oswal report stated that this demand is also upheld by government spending in that region. Kumar Mangalam Birla, the chairman at the Aditya Birla Group, stated that given the current financial scenery, the capital cost is in line with the government’s Atmanirbhar Bharat scheme, which aims to financially boost the core infrastructure sector and enable the cycle of private investments. Greenfield projects will make up 28% of the total capacity expansion, while the balance will be made-up of brownfield projects. The new capacities will be phased out, starting from the fourth quarter of FY23. The plan includes the organisation’s 6.7 mmt capacity expansion that is currently under progress in Odisha, West Bengal, Uttar Pradesh and Bihar. The process has picked up pace since the relaxation of lockdowns. It also includes the approval for the plant at Pali in Rajasthan. The deleveraging programme that is currently underway to free UltraTech Cement of its long-term liabilities, by the time the expansion is completed, will not be affected by this capacity addition master plan. This plan is set to reinforce their position as the third-largest cement company in the world, outside of China. Source: Business Standard

Infrastructure Urban

06 Nov 2025

Concord Control Systems Limited Reports ~85% YoY Growth in H1 FY26

Concord Control Systems Limited (BSE: CNCRD | 543619), India’s leading manufacturer of embedded electronic systems and critical electronic solutions, announced its unaudited financial results for the half year ended September 30, 2025.Financial Highlights – H1 FY26 (YoY Comparison)Revenue from Operations rose to ₹815.45 million, up from ₹497.53 million in H1 FY25, marking a 63.90% year-on-year growth.EBITDA increased to ₹217.34 million, compared to ₹142 million in the same period last year.EBITDA Margin stood at 26.65%, compared to 28.54% in H1 FY25, with the decline attributed to ..

Infrastructure Urban

06 Nov 2025

Gateway Distriparks Announces Q2 FY25 Results

Gateway Distriparks Limited (GDL), one of India’s leading multimodal logistics providers, announced its financial results for the quarter ended 30 September 2025.For Q2, the company reported total revenue of INR 154.8 crore (H1: INR 316.9 crore), EBITDA of INR 20.56 crore (H1: INR 45.65 crore), PBT of INR –4.23 crore (H1: INR –0.28 crore), and PAT of INR –2.91 crore (H1: INR –0.37 crore). The company stated that these numbers reflect the consolidation of accounts following Snowman Logistics transitioning from an associate company to a subsidiary in December 2024.Commenting on the per..

Infrastructure Transport

06 Nov 2025

Last-Mile Connectivity a Prime Focus, Says Ms. Ashwini Bhide,

The IMC Chamber of Commerce and Industry (IMC) hosted a high-impact Managing Committee session today on the theme “Mumbai Metro: Transforming Connectivity and Commuting.” The session featured an insightful address by Ms. Ashwini Bhide, Managing Director, Mumbai Metro Rail Corporation Ltd. (MMRCL), who shared updates on key transport infrastructure developments across Mumbai and the MMR region.Emphasising the city’s critical economic role, Ms. Bhide noted, “Mumbai is the economic powerhouse of Maharashtra, with more than 95% of the region’s population living in urban areas. As Maharas..