According to the company, it would require an investment of ₹12,886 crore to enhance its capacity by 22.6 MT by FY25. This amounts to an enterprise value (EV) of $76 per tonne, which is quite attractive when compared to the recent cement deals that quoted EV of $90-$100 for a tonne of cement.
ET Intelligence Group: India’s largest cement company by capacity UltraTech Cement plans to expand its capacity by 22.6 million tonnes in the next three years as it looks to maintain its leadership position and increase prospects of acquiring better pricing power than its peers.
Investors need to understand two aspects of this announcement. One, the funding of this expansion, and two, what does this announcement mean for the company and India’s
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