Ultratech reveals ₹10,000 crore fresh capex, shifts focus to the North

Ultratech Cement has announced a ₹10,255 crore investment plan to boost its manufacturing capacity to 240.7 million tonnes, which would be operational in the financial year ending March 2028.

The Mumbai-based cement manufacturing giant had a production capacity of 192.3 million tonnes at the end of September 2025. That would amount to about a 48.4 million tonne of added capacity in the next two and a half years, all of it will be in India.

"This latest capacity expansion follows more than Rs.50,000 crores invested over the past five years," Kumar Mangalam Birla, the Chairman of the $67 billion conglomerate, Aditya Birla Group, which owns Ultratech Cement said.

The fresh capex plan includes two greenfield units: one in Sehore (Madhya Pradesh) with an annual capacity of 3 million tonnes, and the other in Lalitpur (Uttar Pradesh), which can produce 1.8 million tonnes every year.

Based on the company's projections, its capacity in the North would go up by 65% between now and March 2028, compared to 27% in the East, 19% in the West, and 18% in the south, signalling a significant shift in focus from expanding capacity in the southern part of India to the North in the new plan. 

"The company’s grey cement capacity mix in the south region has increased to about 27% of total capacity currently from about 16% in FY23. Further, its capacity share in the south region (in the industry) has increased to about 25% currently from about 12% in FY23," Motilal Oswal, a Mumbai-based broking firm, highlighted on September 9.

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