### **Overview** UltraTech Cement Limited is the **flagship cement company of the Aditya Birla Group** and a **global leader in cement manufacturing**, ranking as the **third-largest cement producer in the world (excluding China)**. As of November 2025, UltraTech operates at an **annual grey cement production capacity of 192.26 million tonnes per annum (MTPA)**, making it the **only cement company outside China with over 175 MTPA of capacity in a single country**—India. With an annual revenue base of approximately **$9 billion**, UltraTech has a **pan-India presence** and international operations in **UAE, Bahrain, Sri Lanka, Tanzania, Uganda, and Indonesia**, reinforcing its position as India’s largest and most diversified building materials company. --- ### **Strategic Expansion & Capacity Growth** #### **India Cements Acquisition & Integration (Oct 2025)** - Acquired **India Cements Limited (ICL)** for **₹12,075 crores**, adding **14.45 million tons** of cement capacity at a cost of **under $100 per ton**. - The acquired capacity is primarily located in **South India (Tamil Nadu, Telangana, Andhra Pradesh, and Rajasthan)** and includes **9 plants**. - **Debottlenecking and brownfield expansion** are underway to increase capacity from **14.45 MTPA to 17.55 MTPA**, with **₹422 crores** invested in **2.4 MTPA** expansion at Chennai and Rajasthan—high-performing markets expected to generate **over 20% IRR**. - Upon full operationalization, the asset is projected to generate **₹1,000 per ton EBITDA** and a net **debt/EBITDA ratio of ~0.5x**. - Rebranding of ICL products under UltraTech is ongoing, retaining **₹200/ton margin within UltraTech**, while future **merger is being evaluated** (subject to stamp duty concerns). #### **Organic & Inorganic Growth Expansion (2023–2026)** - In FY24–25, UltraTech added **42.6 MTPA** of consolidated cement capacity: - **26.3 MTPA** from acquisitions (India Cements + Kesoram Industries). - **16.3 MTPA** from organic projects. - This accounted for **~55% of total industry capacity growth in India** during FY25. - As of June 2025, total consolidated grey cement capacity (including overseas) stands at **192.26 MTPA**, progressing toward a **200 MTPA target** by FY27. - **Kesoram transition** is ongoing, with full brand integration expected by **June 2026**. --- ### **Brownfield & Greenfield Expansion Strategy (Oct 2025)** - UltraTech plans to add **22.8 MTPA** of cement capacity across **North (18 MTPA)** and **West (4.8 MTPA)** India through **brownfield expansions**. - Key additions: - **3.0 MTPA**: Sehore (MP), Pali (Rajasthan) - **2.7 MTPA**: Dadri (UP), Jhajjar (Haryana) - **1.8 MTPA**: Lalitpur (UP) - **0.6 MTPA**: Banswara, Rajasthan (India Cements unit) - **Clinker capacity** to increase by **15.68 MTPA** through debottlenecking and brownfield work in **North, West, and Central regions**. - Total **clinker capacity** post-expansion will reach **148 MTPA**, supported by a **clinker-to-cement conversion ratio of ~1.6x**. - Expansion will be **funded largely via internal accruals**, maintaining strong balance sheet discipline. --- ### **International Presence** UltraTech has a growing global footprint, with subsidiaries in the GCC and East Africa: - **Bahrain**: UltraTech Cement Bahrain Co. WLL (1.0 MTPA) - **UAE**: Star Super Cement Industries LLC; Ras Al Khaimah Co. for White Cement & Construction Materials PSC (effective July 2024) - **Oman**: Duqm Cement Project International LLC - **Subsidiaries under Star Super Cement**: - **Tanzania**: BC Tradelink Ltd, Binani Cement Tanzania Ltd - **Uganda**: Binani Cement (Uganda) Limited - **Sri Lanka**: UltraTech Cement Lanka Pvt. Ltd (1.5 MTPA) - **Indonesia**: Through Bhumi Resources Pte Ltd and PT Anggana Energy Resources Recent acquisitions have strengthened white cement and putty footprint in the Middle East, particularly via **RAK White Cement** (6 lakh MT capacity), in which UltraTech now holds **54% stake (50%+ majority)**. --- ### **Digital Transformation & Innovation** UltraTech has evolved from a “**Physical**” to a "**Phygital**" model, integrating digital platforms to enhance customer engagement and operational efficiency. #### **Key Digital Initiatives** - **UltraTech Trade Connect**: A unified mobile app for **dealers, retailers, and distributors** managing cement, RMC, and building products. Over **90% adoption** across 145,000+ channel partners. - **UltraTech Customer Connect**: Institutional customers can access **real-time delivery tracking, ePOD, test certificates, and finance docs**, improving transparency and faster payments. - **Logistics Control Tower (LCT)**: AI-powered system offering **end-to-end visibility**, **dynamic scheduling**, and **root cause analysis**. Includes **LCT Lite app** for sales teams. - **Eye-to-Track App**: Used by **67,000+ drivers** for GPS navigation, electronic invoicing, and feedback management. - **AI & Generative AI**: Applied to **analyze regional customer queries**, automate transcriptions, and generate sentiment insights. - **AR/VR Training**: Scalable platform for **applicator and mason training**, ensuring consistent product use. --- ### **Sustainability & Decarbonization Efforts** UltraTech is committed to **Net Zero by 2050** and leads on **carbon reduction and renewable integration**. #### **Energy & Emissions** - **100% of limestone** from **captive mines** under long-term leases. - **Captive Power Capacity**: 1,333 MW (thermal). - **Renewable & WHRS Power**: 1,445 MW from **Waste Heat Recovery (324 MW), wind, and solar**—achieving **energy surplus**. - Over **33.6 million tons** of **industrial waste (fly ash, slag)** and **1.5 million tons of alternative fuel** used annually across 14 kilns. #### **Carbon Capture & Future Technologies** - **ZeroCAL Partnership with UCLA**: World’s first **demonstration plant** for electrochemical limestone decomposition, eliminating **~98% of CO₂** from calcination. Commissioning by **September 2026**. - **CCU Project with DST, IIT Madras, and BITS Pilani**: Prototype **1-ton-per-day CO₂ capture plant** to mineralize CO₂ for curing. - **Coolbrook Roto-Dynamic Heater™**: Pilot for **kiln electrification** to reduce emissions by **up to 30%**. - **Electric Mining**: Launched **six 70-ton electric dumpers** (3 locations), achieving **~25% lower operating costs** and **250 tCO₂ reduction/year**. --- ### **Building Solutions & New Verticals** UltraTech is expanding beyond cement into **integrated building solutions**, increasing customer wallet share. #### **UltraTech Building Products (BPD)** - Launched in 2012; now a **strategic business unit** with **~90 SKUs**. - Two main categories: - **Dry Mix**: 43 products (plasters, tile adhesives, mortars, etc.) - **Waterproofing**: 9 products (cementitious, liquid) - Portfolio is **Indian Green Building Council (IGBC)-certified**, emphasizing **M-sand usage and water conservation**. - Recent launches: **16 new TILEFIXO products** for tile and marble solutions. #### **Entry into Wires & Cables (2025–2026)** - Strategic expansion into **₹55,000 crore wires & cables market**, driven by **65% of cement demand from residential sector**. - **CAPEX**: ₹1,800 crores over two years. - **New plant** in **Jhagadia/Bharuch, Gujarat**, within **100 km of copper sources**. - Expected to deliver **ROIC >25%, asset turns of 5–7x**, and **efficient working capital**. - Will leverage **4,600+ UBS outlets** as a **distribution advantage**. --- ### **Logistics & Distribution Network** One of the **most robust logistics systems** in the industry: - **Multi-modal Distribution**: - **72% road**, **26% rail**, **2% coastal/sea** (uses **National Waterway 1** for gypsum transport). - **Over 50,000 trucks**, **60+ daily rake movements**, **25,000+ daily truck movements**. - **1,350+ warehouses**, **300+ railheads**, **9 bulk terminals**, **5 jetties**. - **Strategic Logistics JV with CONCOR**: Tank container movement via rail from Mumbai (Dronagiri Rail Terminal) to optimize bulk cement logistics. - **Fleet Modernization**: Over **600 CNG, LNG, and electric vehicles** inducted; expanding EV adoption. - **On-Time In-Full (OTIF)**: Over **90%** delivery performance. --- ### **Production & Operational Excellence** #### **Manufacturing Footprint (2025)** - **34 integrated units**, **30 grinding units**, **9 bulk terminals** in India. - Over **75 plants** connected across supply chain. - **Distribution Reach**: - **37,000+ dealers**, **108,000+ retailers**, **4,615 UBS outlets** - Coverage of **>80%** of India’s geography. #### **Regional Capacity Distribution (Jul 2025)** | Region | Cement Capacity | Share | |-------|------------------|-------| | South | 50.5 MTPA | 27.5% | | North | 34.8 MTPA | 19.2% | | West | 32.1 MTPA | 18.2% | | East | 31.9 MTPA | 18.1% | | Central | 28.4 MTPA | 17.0% | #### **Ready-Mix Concrete (RMC)** - **~400 RMC plants**, contributing **~5%** of cement volume. - **49.4 million cubic meters** annual production capacity. - Offers **27 specialty solutions**, including **Ultra-High Performance Concrete (UHPC)** and **machine-printable concrete**. - **RMC Control Tower** digitizes operations—improving scheduling and on-site delivery. --- ### **Leadership & Strategic Vision** - **Mr. Vivek Agrawal**, **Whole Time Director & CMO**, leads marketing, sales, and logistics. Instrumental in: - Post-merger integrations - RMC and Building Products transformation - Phygital ecosystem development - **Growth Strategy**: - **Customer-centricity**, **cost leadership**, **sustainability**, and **low CAPEX/high ROCE projects**. - Target: **10% volume growth in FY26**, with base FY25 volume at **135.8 million tons** (inclusive of ICL’s 9–9.5 million tons). - Position as cornerstone player for **India’s infrastructure growth**, including **Viksit Bharat 2047**. ---