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Motilal Oswal Report
UltraTech Cement Ltd. is the largest cement manufacturer in India with domestic grey cement capacity of 114.6 million tonnes per annum (consolidated grey cement capacity of 120 mtpa) as of FY22.
It is also engaged in white cement, wall care putty and ready mix concrete business segments.
In this note, we analyse UltraTech Cement’s FY22 Annual Report. The key highlights are as follows:
commissioned grey cement capacity of 3.2 mtpa in Central and East India in FY22, as a part of its phase I expansion plan of 19.5 mtpa (to be completed by FY23-end);
announced phase II expansion plan of 22.6 mtpa at an estimated capex of Rs 129 billion;
scaled up investments in renewable energy; and
prepared sustainability strategy and targets.
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