New Launch25 Feb 2025, 10:32 pm
UltraTech Cement to Enter Wires and Cables Segment with Rs.1800 Crore Investment
AI Summary
UltraTech Cement Ltd., an Aditya Birla Group company, has announced plans to extend its footprint in the construction value chain through the wires and cables segment. The company's Board has approved a capital expenditure of Rs.1800 crore to be spent over the next two years. The proposed entry into this segment is in line with the company's strategy to strengthen its position as a comprehensive Building Solutions Provider. The new plant is expected to be commissioned by December 2026 near Bharuch in Gujarat.
Key Highlights
- UltraTech Cement to invest Rs.1800 crore in wires and cables segment
- Proposed entry in line with the company's strategy to strengthen as a Building Solutions Provider
- New plant to be set up near Bharuch, Gujarat
- Expected to be commissioned by December 2026
- Aimed at meeting the growing demand for wires and cables across various sectors