UltraTech Cement revenue to touch Rs.27bn

UltraTech Cement revenue to touch Rs.27bn
Published: 10 December 2004

UltraTech Cement, a unit of the Aditya Birla Group, is set to register a 12 percent rise in revenue to touch Rs.27bn ($614m) this fiscal. OP Puranmalka, the chief marketing officer of UltraTech Cement, said this here, adding that last year the company’s earning was Rs.24bn.

"UltraTech Cement will make a capital expenditure of Rs.2bn for de-bottlenecking its plants within two years for expanding the production capacity by 2.5 million TPA (tonnes per annum)," Puranmalka told IANS. He was in Raipur to officially launch UltraTech Cement, which was earlier known as the reputed cement brand L&T. The group has two major cement units in Chhattisgarh and produces 3.75 million TPA, of which UltraTech’s contribution is 1.75 million TPA. The group has 11 composite plants, seven split grinding units, four bulk terminals including one in Sri Lanka and eight ready-mix concrete plants.  

 "The group’s main focus area will remain cement as India is emerging as a major cement consumer of the world with a rising demand in housing and infrastructure development sector," Puranmalka added. He stated that despite growing demand, India still has to compete with rest of the world for taking its per capita cement consumption from 110kg to the world’s average consumption of 260 kg. UltraTech exports 40 percent of its total production of 3.6 million tonnes with most of it going to the Middle East and Sri Lanka. It also exports in small quantities to Bangladesh and some European nations.