New Launch4 Mar 2025, 10:32 pm
UltraTech Cement Limited to Launch Cables and Wires Business by December 2025
AI Summary
UltraTech Cement Limited, a leading cement company, has announced its plans to launch a Cables and Wires business by December 2025. The new business will be situated at Jhagadiya in Gujarat, less than 100 kilometers away from the raw material source copper. The company believes this will be a value-accretive move for its shareholders, with the industry expected to grow at a double-digit rate and the new business having high asset turns, higher return on capital, and a capital-light model. The company is already present in all metro projects in the country, which will help it entrench itself in the residential and infrastructure markets for the cable and wire proposition.
Key Highlights
- UltraTech Cement Limited to launch Cables and Wires business by December 2025
- New business situated at Jhagadiya in Gujarat, near raw material source copper
- Expected to grow at a double-digit rate, with high asset turns and higher return on capital
- Capital-light model, with working capital managed through UltraTech’s purchasing power
- Believed to be value-accretive for shareholders along with continued focus on core cement operations