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UltraTech Cement to spend $206 mn on cables, wires biz
Mint Kolkata
|February 26, 2025
UltraTech plans to deepen its foothold in the construction materials business
UltraTech Cement, India's top cement maker by capacity, will spend ₹1,800 crore ($206 million) to start up a wires and cables business, the company said on Tuesday, deepening its foothold in the construction materials business.
The business will be part of UltraTech's building products division, which currently includes waterproofing products, TMT steel bars, plywood, sanitary ware, hand tools and electrical components such as switchboards.
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