In December 2023, UltraTech Cement concluded an agreement to acquire Kesoram Cement from Kesoram Industries for US$ 912 million.
In October 2023, UltraTech Cement announced planned new capital expenditure (CAPEX) investments worth US$ 1.56 billion to grow its production capacity, beginning in the 2026 financial year.
On August 2, 2023, UltraTech Cement Ltd. announced the commissioning of the 1.2 million tonnes per annum (mtpa) brownfield cement capacity at Magdalla, Gujarat.
In May 2023, UltraTech Cement Ltd.’s wholly owned subsidiary UltraTech Nathdwara Cement Ltd (UNCL) commissioned a 0.8 million tonnes per annum (MTPA) brownfield cement factory at Neem Ka Thana, Rajasthan.
On October 30, 2023, the Board of Directors at its meeting approved the third phase of growth with an investment of Rs. 13,000 crore (US$ 1.55 billion) towards increasing the capacity by another 21.9 MTPA with a mix of brownfield and greenfield projects.
As announced in May 2023, UltraTech Cement Limited and Coolbrook, a transformational technology and engineering company, will jointly develop a project to implement Coolbrook’s RotoDynamic HeaterTM (RDH) technology in one of UltraTech’s cement manufacturing units.
Sustain Labs Paris’ (SLP) in partnership with BW Businessworld has ranked UltraTech No.1 in Sustainability in the Infrastructure and Engineering sector and #15 out of the top 200 Companies in India.
UltraTech Cement, an Aditya Birla Group company, has been recognised as a leader in climate change by Carbon Disclosure Project, a global non-profit environmental organisation, for its 2022 CDP disclosure. UltraTech received an ‘A-’ score for implementing best practices and for taking concerted action on climate issues, securing a place in the ‘leadership category’.
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