UltraTech Cement Limited Updates

Aditya Birla Group company, UltraTech Cement (UTCL) has commissioned 0.8 MTPA of brownfield expansion at Neem Ka Thana in Rajasthan.

UTCL has a grey cement capacity of 17.05 MTPA in Rajasthan and its total grey cement manufacturing capacity in India stands at 129.95 MTPA.

In February this year, the company had commissioned 1.30 MTPA brownfield cement capacity at Hirmi in Chhattisgarh and 2.80 MTPA greenfield grinding capacity at Cuttack in Odisha.

As of now, UltraTech Cement has 22 integrated manufacturing units, 27 grinding units, one clinkerisation unit, and 8 bulk packaging terminals. It has a network of over one lakh channel partners across the country and has a market reach of about 80%.

Orient Cement's Rs 1,600 Cr. Plan To Expand Cement Capacity In Karnataka

 

Orient Cement is planning to expand its operations in the Karnataka region with a brownfield investment of Rs 1,600 crore. The expansion project is expected to commence in the next six to seven months and take approximately 18 months to complete before capacity can be increased. This strategic move will allow the company to meet the surging demand for cement in the southern region of India while improving its operational efficiency. Moreover, this brownfield expansion project will not only increase the production capacity of Orient Cement but also enable it to cater to the growing market demand. The company has a strong reputation as a dependable and innovative player in the cement industry, and this expansion is aligned with its growth strategy, which will further consolidate its position in the market.

In the Q4 of FY23, the company reported robust growth in both revenue from operations and volumes. Additionally, EBITDA per tonne improved sequentially, indicating a positive trend for the company.

Updates From The Indian Cement Industry

Dalmia Cements:
Q4 Results
Cement manufacturer Dalmia Bharat said its fourth-quarter profit more than doubled, aided by easing fuel prices and a pick-up in demand.
Consolidated net profit rose to Rs 589 crore ($71.90 million) in the quarter ended March 31 from Rs 266 crore a year earlier.
The company's revenue from operations rose 15.7% year-over-year to Rs 3,912 crore.
The total expenses stood at Rs 3,605 crore, with the power and fuel costs for the quarter falling to Rs 871 crore from Rs 873 crore.

Dalmia Cement (Bharat) Ltd (DCBL), a subsidiary of Dalmia Bharat, executed definitive agreements with JAL for the acquisition of JP Super Cement plant in Uttar Pradesh at an enterprise value of Rs 1,500 crore and costs and expenses of up to Rs 190 crore.

UTCL:
UltraTech Cement announced that it has commissioned 2.2 mtpa Brownfield expansion at its grinding unit at Patliputra, Bihar. With this, the units grinding capacity has increased to 4.7 mtpa. The company’s total grey cement manufacturing capacity in India now stands at 129.15 mtpa.