Concrete

UltraTech Cement Shares Surge 2.9% on Capacity Expansion

Kukurdih Unit’s Total Capacity Reaches 156.66 mtpa

Published

2 years ago

December 4, 2024

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Shares of UltraTech Cement rose by 2.9 percent to reach eleven thousand five hundred twenty-five rupees in intraday trade after the company announced an increase in production capacity. UltraTech revealed that its Kukurdih unit in Chhattisgarh expanded its output from 2.7 million tonnes per annum (mtpa) to 3.3 mtpa, as part of its ongoing debottlenecking initiatives.

With this expansion, UltraTech Cement’s total production capacity, including overseas operations, has reached 156.66 million tonnes per annum, reaffirming its status as India’s largest cement manufacturer.

Despite the positive stock movement, the company reported a 36 percent year-on-year drop in net profit for the second quarter of the financial year 2024-25 (Q2FY25), with earnings declining to eight thousand two hundred million rupees. Revenue fell by 2.4 percent to one hundred fifty-six billion rupees during the same period. Sequentially, net profit was down 52 percent, and revenue fell 13 percent.

UltraTech’s stock has gained 27 percent over the past year, outperforming the BSE Sensex’s 18 percent growth during the same period.

UltraTech Cement has a market capitalization of three trillion three hundred twenty billion rupees, with a price-to-earnings ratio of 50.10 and earnings per share of two hundred twenty-three rupees.

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Concrete

Cement Firms to Invest Rs. 130 bn in Green Energy by FY28

Cement companies plan to expand clean energy capacity to 6 GW by FY28

Published

2 days ago

September 17, 2026

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India’s major cement companies are set to raise their clean energy capacity to 6 GW by March 2028 from around 4 GW at the end of March 2026, according to ratings agency ICRA. The planned expansion is expected to involve investments of Rs. 130 bn over the next two years.

The additional capacity could generate annual savings of Rs. 62 bn to Rs. 67 bn, resulting in an estimated payback period of 1.8 to 2.2 years. Cement is an emission-intensive industry, and leading producers have established net-zero roadmaps covering the next 15 to 20 years.

The calcination process accounts for 57 to 60 per cent of the sector’s total emissions, while fuel combustion contributes 27 to 30 per cent and electricity consumption accounts for 10 to 13 per cent. ICRA said the figures highlighted the need for a broad decarbonisation strategy involving green power, blended cement, alternative fuels and improvements in clinker efficiency.

Green energy is considered one of the most commercially attractive decarbonisation options because it can reduce emissions while lowering operating costs. Every 5 per cent increase in green power replacement can reduce power and fuel costs by Rs. 15 to Rs. 16 per tonne. A 25 per cent replacement level could therefore save Rs. 75 to Rs. 80 per tonne and expand operating margins by 140 to 160 basis points.

Cement producers are also assessing carbon capture, utilisation and storage, although high implementation costs, energy requirements and limited transport and storage infrastructure are expected to slow commercial adoption. The government has proposed Rs. 200 bn over five years to support deployment across key sectors. Meanwhile, companies are targeting thermal substitution rates of 10 to 15 per cent over the next three to five years, compared with the current industry level of around 6 per cent.

Concrete

Centre Defers Clearance for Limestone Mine Near Bustard Habitat

Panel seeks revised mining plan and safeguards for pipelines and wildlife

Published

3 days ago

September 16, 2026

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The Centre has deferred environmental clearance for a proposed limestone mine near a Great Indian Bustard habitat in Ramgarh, Rajasthan’s Jaisalmer district. The critically endangered species has an estimated wild population of about 130 in India.

Concrete

Telangana to Supply Subsidised Cement for Indiramma Houses

Poor families allotted Indiramma houses to receive cement at Rs. 230 per bag

Published

3 days ago

September 16, 2026

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The Telangana government will supply cement at a subsidised price of Rs. 230 per 50-kg bag to poor and low-income families allotted Indiramma houses. The prevailing market price is between Rs. 310 and Rs. 320 per bag, the Assembly was informed on Thursday.