UltraTech Cement is set to offload 6.49% stake in its unit India Cements via an open market offer for sale, the Committee of Directors and Officers approved on Wednesday.
Aditya Birla-owned UltraTech Cement, which took control of India Cements in July last year, did not mention any deal value.
Shares of UltraTech Cement Ltd were trading at Rs 12,860 per scrip as on 15:42 PM after 0.03% hike on BSE.
The cement giant is set to cross 200 million tonnes of production per annum by the end of FY26, as shared by Chairman Kumar Mangalam Birla during AGM.
The company added 42.6 MTPA of capacity last year with 16.3 MTPA through organic expansion, and 26.3 MTPA through the acquisition of India Cements and Kesoram Industries.
The cement giant reported the total production capacity at 188.8 MTPA as on March 2025. For FY25, its net revenue stood at Rs. 75,955 crore. The sales volume of the company reached 135.83 million tonnes, reflecting a year-on-year growth of over 14%.
“UltraTech is now well and truly poised to become the largest cement-selling company in the world, outside of China,” Birla said in his speech.
Currently, India is the second largest cement producer in the world with 30.8% share in the global market. The company mentioned that cement demand is expected to cross 620 MTPA by FY30, which stood at 435 MTPA in FY25, as per industry estimates.
UltraTech Q1 FY26 performance
In the first quarter of FY26, the company’s net revenue stood at Rs. 21,275 crore, compared to Rs. 18,819 crore in the same period last year with PAT jumping 49% to Rs. 2,226 crore.
It added 3.5 MTPA of grey cement capacity in Q1, bringing total capacity to 192.26 MTPA.
As on June 2025, UltraTech’s white cement capacity stood at 1.3 MTPA and white putty capacity stood at 2.0 MTPA.
Geopolitical tensions, trade conflicts, slower productivity, and high public debt levels continue affect global output, Birla said, adding that inflation declined from 6.6% in 2023 to 5.7% in 2024, helped by easing supply constraints and tighter monetary policy.
Expecting India’s GDP to grow at 6.5% in FY26, Birla said that it is expected to retain its position as the fastest-growing major economy this year despite risks from global market volatility, geopolitical developments, and fragmented trade relations. The GDP growth is likely to be supported by continued government investment, recovery in consumption, and prudent fiscal management.
He expects the manufacturing sector to strengthen further due to domestic demand, better capacity utilisation, and policy support through the Production Linked Incentive (PLI) scheme and the National Manufacturing Mission.
