27th March 2025 – UltraTech Cement Limited, a part of the Aditya Birla Group, is planning to diversify its operations by entering the wires and cables industry. The company has committed a capital expenditure of approximately INR 1,800 crore over the next two years to establish a presence in this growing segment of the construction value chain.
The company’s Board has approved this new venture, which will be managed through its Building Products Division. This move aligns with UltraTech’s strategy to enhance its role as a comprehensive building solutions provider, offering a wider range of products to meet diverse customer needs.
The manufacturing plant will be located near Bharuch in Gujarat, with the goal of commissioning by December 2026. UltraTech plans to leverage its extensive manufacturing capabilities and strong customer relationships to produce high-quality wires and cables, catering to the increasing demand in sectors like residential, commercial, infrastructure, and industrial applications.
The wires and cables industry has experienced a healthy growth rate of about 13% CAGR from FY19 to FY24. With the ongoing shift from unorganized to organized markets, the industry is poised for continued expansion, presenting UltraTech with a valuable opportunity to enter the sector.
Mr. Kumar Mangalam Birla, Chairman of the Aditya Birla Group, highlighted, “This strategic move into the wires and cables sector is aligned with our vision of providing comprehensive construction solutions, while continuing to strengthen our core cement business.” UltraTech recently achieved a milestone of 175 mtpa cement capacity in India and is on track to become the largest cement company globally by sales volume, excluding China.
Through this expansion, UltraTech aims to offer enhanced value to its customers and contribute to the sustainable development of the nation.
