UltraTech Cement (ULTRACEMCO) — Board Meeting

UltraTech Cement's board approved a Rs.1800 crore capital expenditure over two years to enter the wires and cables segment via its Building Products Division, aligning with its strategy to become a comprehensive building solutions provider. The plant will be set up near Bharuch, Gujarat, and commissioned by December 2026, targeting the growing organized market with a 13% CAGR. The move is expected to be value accretive to shareholders and diversify beyond core cement operations.

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About UltraTech Cement Limited (ULTRACEMCO)

Construction Materials · Cement & Cement Products · Listed on NSE

Market Cap: ₹3,38,497.96 Cr P/E: 44.1 ROE: 10.8% ROCE: 12.3%

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Source: Stock Announcements. Analysis by StockFin.ai. For informational purposes only — not investment advice.

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