UltraTech Cement earmarks ₹10,000 crore capex for FY26 to accelerate 200 MTPA capacity target

Cement giant UltraTech Cement, an Aditya Birla Group company, is setting aside up to ₹10,000 crore in capital expenditure (capex) for fiscal year 2026. This significant investment aims to bolster its manufacturing capacity and drive energy and efficiency initiatives, as detailed in the company's latest annual report. UltraTech anticipates approximately 7 percent growth in FY26.

The company has been aggressively expanding its footprint, recently acquiring South-based India Cements and the cement business of Kesoram Industries. These strategic moves have added a substantial 26.3 million tonnes per annum (mtpa) of grey cement capacity to UltraTech's already extensive portfolio. Looking ahead, the cement maker has also mapped out an organic capacity addition of 28.8 mtpa by FY27.

UltraTech, which surpassed the ₹75,000 crore revenue mark in FY25 and is now nearing its target of 200 mtpa capacity, expects a favorable impact on its financial health. The company anticipates a reduction in its "net debt to EBITDA ratio," driven by projected higher volume growth and improving margins. This robust capex plan underscores UltraTech's confidence in sustained demand and its commitment to reinforcing its position as a leading player in the Indian cement industry.