UltraTech Cement bets Rs 1,800 crore on wires and cables, eyes December 2026 launch
The cement manufacturer's board has approved the plan under its building products division, reinforcing the company’s strategy to position itself as a complete building solutions provider
UltraTech Cement, India’s largest cement manufacturer, announced its foray into the wires and cables business with an initial capital expenditure of Rs 1,800 crore over two years.
The company aims to commence operations in this segment by December 2026, with a production facility set to be established in Bharuch, Gujarat.
The move is positioned as an extension of UltraTech’s presence in the construction value chain. Kumar Mangalam Birla, chairman of the Aditya Birla Group, stated, “We intend to expand our presence in the construction value chain through our foray in the cables and wires segment, which aligns with our vision of providing comprehensive solutions to our end customers in the construction sector.” UltraTech’s board has approved the plan under its building products division, reinforcing the company’s strategy to position itself as a complete building solutions provider. The company plans to leverage its extensive manufacturing expertise and strong customer connections to deliver high-quality wires and cables.