Displaying items by tag: UltraTech Cement

India: UltraTech Cement will offload a 6.49% stake in India Cements through an open market sale, following approval by its committee of directors and officers. The producer acquired control of India Cements in July 2024. The company did not disclose the value of the planned sale.

India: UltraTech Cement says that it will surpass a production capacity of 200Mt/yr in the 2026 financial year, one year ahead of its original 2027 target. Chair Kumar Mangalam Birla said the company’s consolidated capacity stood at 188.8Mt/yr in March 2025, after adding 42.6Mt/yr during the 2025 financial year, including 16.3Mt/yr from organic expansion and 26.3Mt/yr from acquisitions, notably India Cements and Kesoram Industries.

The producer operates 34 integrated cement plants, 30 grinding units and 9 bulk terminals across India.

India: UltraTech Cement has commissioned a 7.5MW hybrid renewable energy project at its Sewagram cement plant in Gujarat. The on-site system combines bifacial solar modules with trackers, wind power and battery storage to provide uninterrupted energy without reliance on the grid. The project was developed with energy provider Gentari. The company aims to increase the share of renewable energy in its power mix to 65% by 2027 and 85% by 2030. As part of its RE100 commitment, UltraTech aims to meet 100% of its electricity needs through renewable sources by 2050.

India: Leading cement producers have broadly reported ‘strong’ performances in the three months to 30 June 2025, driven by increased government spending on key infrastructure projects. They expect their bottom lines to continue to rise in the rest of the 2026 financial year (FY2026), which ends on 31 March 2026, with coal and petcoke prices expected to remain at a lower level than in FY2025.

UltraTech Cement reported 10% growth in its cement sales volumes in the first quarter of FY2026, to 36.8Mt, helped by acquisitions of India Cements and the cement business of Kesoram Industries. Adani Group subsidiary Ambuja Cements also reported its highest-ever sales volumes, of 18.4Mt. Birla Corporation’s sales volumes rose by 9% per cent to 4.8Mt, while Nirma Group subsidiary Nuvoco Vistas reported sales volumes of 5.1Mt.

However, some companies, including Shree Cement, saw their volumes decline due to geopolitical tensions in the North of India. Dalmia Bharat's sales volumes fell by 6% to 7.4Mt, impacted by the discontinuation of tolling volumes from Jaypee Cement, while Ramco Cements reported a 7% decline due to early monsoon rains in Kerala.

In the near-term future, demand is expected to be flat in the second quarter of FY2026 due to the monsoon season. However, companies anticipate growth in the third and fourth quarters of the year, with volumes growth of around 7% anticipated across the whole of FY2026.

India: Tamil Nadu will host one of five national carbon capture and utilisation (CCU) testbeds aimed at lowering CO₂ emissions in the cement sector in a step towards the country’s 2070 net-zero target, according to The New Indian Express newspaper. The testbed will be located at UltraTech Cement’s Reddipalayam plant in Ariyalur district, supported by the Indian Institute of Technology Madras and Birla Institute of Technology and Science Pilani. The project is part of a Department of Science and Technology (DST) programme, which will trial an oxygen-enriched kiln system capturing up to 2t/day of CO₂ for mineralisation into concrete products. Other CCU testbeds are being established in Rajasthan, Odisha and Andhra Pradesh, with JK Cement and Dalmia Cement involved.

Union Minister for Science and Technology and Earth Sciences Jitendra Singh said the DST was currently processing financial sanctions for the projects, and full-scale implementation is expected in 2025.

India: UltraTech Cement recorded consolidated net sales of US$2.4bn in the first quarter of the 2026 financial year, up from US$2.09bn in the corresponding period of 2024. Profit before interest, depreciation and tax rose by 44% year-on-year to US$531m, while profit after tax grew by 49% year-on-year to US$257m.

Sales volumes rose by 10% to 36.8Mt following the acquisitions of The India Cements and the cement business of Kesoram Industries. The producer added 3.5Mt/yr of grey cement capacity and commissioned 12MW of waste heat recovery (WHR) during the quarter, raising total grey cement capacity to 192Mt/yr and WHR capacity to 363MW. Renewable energy now accounts for 39.5% of UltraTech’s energy mix.

India: UltraTech Cement has commissioned its second cement grinding mill at the Maihar unit in Madhya Pradesh, adding 1.8Mt/yr to its domestic production capacity. The first mill at the site began operations in March 2025.

The expansion raises UltraTech’s total grey cement capacity in India to 186.86Mt/yr and 192.26Mt/yr globally. The company said the move forms ‘part of its larger strategy.’

India: Management guidance for Indian cement demand growth in the 2026 financial year for ‘most companies’ in the sector was 6 – 7% year-on-year.

In the 2025 financial year, UltraTech Cement and JK Cement raised their cement sales volumes by 17% and 15% year-on-year respectively, due to to demand recovery and the effects of new acquisitions. Ambuja Cement’s volumes grew by 13%, while Dalmia Cement Bharat’s fell by 2% and Ramco Cements’ by 5%.

The Business Standard newspaper has reported that the all-India cement capacity ended the 2025 financial year at 655Mt/yr, up by 5% year-on-year. 60Mt/yr-worth of new cement production capacity is due to come online later in the 2026 financial year, which would increase that figure by a further 9%.

India: The Department of Science and Technology (DST) has launched five carbon capture and utilisation (CCU) testbeds in the cement sector, forming a research and innovation cluster to help accelerate industrial decarbonisation. The five testbeds are collaborative industrial pilot projects between Indian research institutions and local cement manufacturers under a public-private partnership model.  The testbeds aim to help India reach carbon neutrality by 2070.

Each testbed targets a specific CCU approach. Testbed 1, in partnership with JK Cement in Ballabhgarh, will be a pilot plant capable of capturing 2t/day of CO₂ and converting it into lightweight blocks and olefins through oxygen calcination. Testbed 2, by IIT Kanpur and JSW Cement, will explore CO₂ mineralisation. Testbed-3, with IIT Bombay and Dalmia Cement, will develop catalyst-based capture at a cement plant. Testbed-4, by CSIR-IIP, IIT Tirupati, IISc and JSW Cement, will use vacuum swing adsorption technology. Testbed-5, with IIT Madras, BITS Pilani Goa and UltraTech Cement, will focus on carbon-lowering process innovations.

India: UltraTech Cement has increased its production capacity by 1.4Mt/yr through debottlenecking and ‘efficiency improvements’ at multiple sites across India.

It added 0.6Mt/yr of grinding capacity at Nagpur in Maharashtra and 0.8Mt/yr across Panipat and Jhajjar in Haryana. The company’s total domestic grey cement capacity now stands at 184.8Mt/yr, while its global capacity has reached 190.2Mt/yr.