Jhanwar Cements UltraTech's Dominance

Spate of acquisitions and organic expansion make UltraTech the top cement company in the country.

- Nevin John

K.C. JHANWAR, managing director, UltraTech Cement, is like a military general, waging war on all fronts. As competition intensifies, India’s largest cement maker is aggressively adding capacity. The target is to reach 200 million tonnes (MT) by March 2027 from 154.86 MT at present and transition to a green cement manufacturer, manufacturer, all together.

UltraTech’s expansion strategy involves organic growth and strategic acquisitions. “This is underscored by holistic cost management, a critical value driver,” says Jhanwar, adding that “acquisitions are not only for capacity augmentation but also for value accretion.”

In FY24, UltraTech commissioned 13.3 MT capacity. It has already added 7.6 MT this fiscal so far. With that, UltraTech has reached 80% of Europe’s total capacity and surpassed cementmaking capacity of U.S. It had recently acquired Kesoram Cement (10.75 MT) and India Cements (14.45 MT). “This puts us on a strong growth trajectory,” says Jhanwar.

Key Growth Drivers