UltraTech has declared a ₹10,000 crore capital expenditure plan for FY26 to increase cement production and boost energy efficiency. UltraTech acquired India Cements and Kesoram Industries to increase its grey cement production capacity by 26.3 MTPA. The company plans to increase its organic production by 28.8 MTPA until FY27. The company reached 192.26 MTPA in total capacity during June 30, 2025 while moving toward its 200 MTPA target. The company predicts strong volume growth will boost its earnings while decreasing its net debt-to-EBITDA ratio despite facing margin challenges in FY25 because of weak demand and decreased sales realization. The company leads India’s cement expansion according to Managing Director K.C. Jhanwar who stated that the company generated more than 55% of total growth during the previous fiscal year. The government’s ₹11.21 lakh crore infrastructure initiative together with its renewed housing focus will drive demand recovery. The former Kesoram units of UltraTech receive investments for green energy development which includes 107 MW of new capacity under construction. The EBITDA breakeven achievement at India Cements enables the company to plan additional upgrades that will match UltraTech standards. Adani’s Ambuja Cements faces increasing competition from the company because of its aggressive expansion plans which create a major market challenge.
UltraTech’s ₹10,000 Cr Expansion Plan Set to Reshape Cement Market
