As on March 31, 2022, the company’s market capitalisation stood at Rs 1,90,589 crore, the highest in India’s cement industry

UltraTech, a part of the globally renowned Aditya Birla Group, has grown to become India’s largest cement manufacturer. It is also the second-largest cement manufacturer worldwide accounting for more than 7 per cent of the global capacity in grey cement, white cement and RMC, and offers a wide array of building solutions catering to the construction needs of the modern world. 

The company's operations are spread across India, UAE, Bahrain and Sri Lanka to cater to the demand in the Indian subcontinent and the Middle East. 

During the period under review—FY18-FY22—for computing the list of fastest growing companies, UltraTech Cement’s income posted a CAGR of more than 13 per cent while its profit-after-tax (PAT) grew at more than 34 per cent thus cementing its place at the second position in the Super Heavyweight category in this years Fastest Growing Companies, the annual study by BW Businessworld.  

As on March 31, 2022, the company’s market capitalisation stood at Rs 1,90,589 crore, the highest in India’s cement industry. With operations spread across 23 manufacturing units, 27 grinding units and eight bulk packaging terminals, the company has capacity to manufacture 120 mtpa of grey cement, and produces nearly 2 billion bags of cement every year. In the ready-mix concrete (RMC) category, it has more than 175 RMC plants across the country. This strong manufacturing presence is facilitated by its corporate office, sales offices and technology support centres that allow it to deliver quality products and a seamless customer experience. 

UltraTech has indeed evolved from a cement manufacturing company to a building solutions provider over the years. Its multi-pronged approach centred on consumers, sustainability and steady expansion has translated into a robust financial performance over the last five years. 

In his address to the shareholders, Chairman K. M. Birla said shared that during FY22, the company recorded net revenue of $7.1 billion (Rs 52,599 crore), having grown 17 per cent, and an EBITDA of USD 1.6 billion (Rs 12,022 crore). "The Indian cement industry will add 80-100 million tonnes capacity by FY25, driven by increased spending on housing and infrastructure. As India’s building solutions champion, Ultratech Cement is committed to meeting the nation’s future needs for housing, roads and other infrastructure," Birla said.  

In FY21, UltraTech Cement commissioned cement capacity of 3.2 mtpa at Patliputra Cement Works, Bihar; Dankuni Cement Works, West Bengal and Line II of Bara Grinding Unit, Uttar Pradesh. This, Birla said, is the first phase of the 19.5 mtpa capacity expansion announced in December 2020 and will help the company service the fast-growing cement demand in the eastern and central regions of India.  

The company also commenced operations from the bulk terminal at Kalamboli, Navi Mumbai, which is its seventh bulk terminal. In addition, the Board of Directors approved a fresh capex of Rs 12,886 crore for adding 22.6 mtpa of new capacity through a mix of brownfield and greenfield expansion. The additional capacity would be created across the country and achieved by setting-up integrated and grinding units as well as bulk terminals. Commercial production from these new capacities is expected to go on stream in a phased manner by FY25, Birla added. Upon completion of the latest round of expansion, the company's capacity will grow to 159.25 mtpa, reinforcing its position as the third largest cement company in the world, outside of China.  

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