UltraTech Cement Ventures Into Wires and Cables With Rs 1,800 Crore Plant

UltraTech Cement has announced its entry into the wires and cables segment, planning a Rs 1,800 crore plant in Gujarat. This move expands their construction value chain presence. The plant is expected to be operational by December 2026, enhancing their Building Products Division and offering new value to shareholders.

UltraTech Cement, part of the Aditya Birla Group, is expanding its footprint in the construction value chain by entering the wires and cables segment. The company announced plans to invest Rs 1,800 crore to establish a plant in Gujarat, expected to be completed by December 2026.

This strategic expansion aligns with UltraTech's intention to reinforce its position as a comprehensive provider of building solutions. The Board of Directors approved the initiative, which is seen as beneficial to shareholders by potentially increasing value.

Chairman Kumar Mangalam Birla emphasized that while the company broadens its portfolio, it remains committed to its core cement business amid rising competition, particularly from Adani Group's Ambuja Cement. UltraTech recently reached a significant milestone, surpassing 175 mtpa of cement capacity in India.