UltraTech Cement
An Indian multinational cement manufacturer and a major producer of grey cement, ready-mix concrete, and white cement.
Last updated August 27, 2026
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Overview
UltraTech Cement Limited is an Indian building-materials company headquartered in Mumbai and associated with the Aditya Birla Group. It is one of India's largest cement manufacturers and operates across the principal segments of the cement and concrete industry, including grey cement, ready-mix concrete and white cement. Its products supply residential construction, commercial and industrial buildings, roads, bridges, dams and other infrastructure projects. The business originated in 1983 as the cement division of Larsen & Toubro (L&T), when its products were sold under the L&T Cement name. The cement assets subsequently became the subject of a major corporate restructuring involving Grasim Industries, the Aditya Birla Group company that expanded its position in the Indian cement sector. In 2000, L&T incorporated a wholly owned subsidiary to hold the cement business as it prepared to separate the operation. Grasim acquired management control through the resulting demerger and transactions completed in 2004. The business was organized as UltraTech CemCo and was later renamed UltraTech Cement. UltraTech's expansion has been driven both by organic capacity development and by acquisitions. It bought a cement unit from the Jaypee Group in Gujarat in 2013, acquired six integrated cement plants from Jaiprakash Associates in 2017, absorbed the cement business of Century Textile and Industries through a scheme of arrangement beginning in 2018, and acquired Binani Cement in November 2018. These transactions materially broadened its manufacturing footprint and strengthened its position in India's regional cement markets. In December 2023, the company acquired cement-grinding assets of Burnpur Cement through an asset-reconstruction-company auction. In December 2024, it acquired a majority stake in India Cements, further extending its position in the Indian industry. The brand's principal commercial scope includes ordinary Portland cement and blended cement products, clinker, ready-mix concrete and white cement. Ready-mix operations serve construction sites with centrally produced concrete, while the grey-cement business addresses mass construction and infrastructure demand. The company also participates in related construction solutions through concrete and other materials-oriented offerings. UltraTech is generally positioned as a large-scale, technically established and distribution-intensive supplier rather than as a narrowly premium consumer brand. Reference material describes UltraTech as India's largest manufacturer of grey cement, ready-mix concrete and white cement, and as one of the world's largest cement producers. The cited material reports installed capacity of 152.70 million tonnes per annum and sales volume of 119 million tonnes per annum, although no reporting period is specified in the supplied reference and those figures are therefore not treated as current financial data here. The company remains listed in India under the ticker ULTRACEMCO and continues to operate as an active multinational cement business. Its recent history also includes serious workplace-safety incidents at several plants, making industrial safety and regulatory compliance important aspects of its public record.
History
UltraTech Cement traces its origins to 1983, when Larsen & Toubro established a cement division whose products were sold under the L&T Cement brand. The business developed within L&T as India's cement industry expanded alongside demand from housing, commercial construction and public infrastructure. At the beginning of the 2000s, L&T began preparing to separate its cement interests. In 2000, it incorporated a wholly owned subsidiary to hold the cement assets. The restructuring took place against the background of increasing interest from Grasim Industries, then one of India's major cement producers and a company of the Aditya Birla Group. In 2001, Reliance Industries sold its 10 percent interest in L&T to Grasim. Grasim later increased its L&T holding to 15 percent in 2002. An attempt to launch an open offer for a further 20 percent was stayed by the Securities and Exchange Board of India because of concerns about compliance with takeover rules. In 2003, L&T announced plans to demerge its cement business into a company called UltraTech CemCo. The arrangement provided for Grasim to acquire an 8.5 percent interest in UltraTech CemCo from L&T, make an open offer for an additional 30 percent, and transfer its residual 15 percent interest in L&T to the L&T Employees Welfare Foundation. The transaction was completed in 2004. Grasim obtained management control with a 51 percent holding, while L&T retained an 11.5 percent interest. UltraTech CemCo was subsequently renamed UltraTech Cement, establishing the corporate identity used today. The company then pursued consolidation in the fragmented Indian cement market. In 2013, it acquired Jaypee Group's Gujarat cement unit. In 2017, it acquired six integrated cement plants from Jaiprakash Associates. In 2018, a scheme of arrangement transferred Century Textile and Industries' cement business to UltraTech, while the company also acquired Binani Cement in November of that year. These transactions increased geographic coverage and added integrated and grinding capacity to the portfolio. UltraTech continued to add assets after the large 2010s consolidation wave. In December 2023, it acquired cement-grinding assets of Burnpur Cement from an auction conducted by an asset reconstruction company for cash consideration. In December 2024, it acquired a majority stake in India Cements, extending its reach in another important regional market. The resulting business is active across grey cement, white cement and ready-mix concrete. Its manufacturing and distribution network serves both ordinary construction demand and large infrastructure projects. The company is listed in India as UltraTech Cement Limited under ticker ULTRACEMCO and remains part of the Aditya Birla Group. Its public history also includes fatal workplace incidents at facilities in Gujarat, Chhattisgarh, Madhya Pradesh and Andhra Pradesh. These incidents, including the 2024 boiler explosion followed by a government closure notice, are significant to the brand's regulatory and operational history.
- 2024
Majority stake in India Cements acquired
[1]The company acquires a majority stake in India Cements.
- 2023
Burnpur grinding assets acquired
[1]UltraTech acquires cement-grinding assets of Burnpur Cement through an asset reconstruction company auction.
- 2018
Century cement business transferred
[1]A scheme of arrangement begins the transfer of Century Textile and Industries' cement business to UltraTech.
- 2018
Binani Cement acquired
[1]UltraTech completes the acquisition of Binani Cement in November.
- 2017
Six Jaiprakash Associates plants acquired
[1]The company acquires six integrated cement plants from Jaiprakash Associates.
- 2013
Jaypee Gujarat unit acquired
[1]UltraTech acquires a cement unit of Jaypee Group in Gujarat.
- 2004
Grasim gains management control
[1]The demerger and related transactions give Grasim Industries management control of UltraTech CemCo, later renamed UltraTech Cement.
- 2000
Cement assets placed in a separate subsidiary
[1]L&T incorporates a wholly owned subsidiary to hold its cement business as part of a planned separation.
- 1983
Cement business begins within Larsen & Toubro
[1]Larsen & Toubro establishes the cement division that initially sells products under the L&T Cement brand.
Products and positioning
Large-scale, technically established and infrastructure-oriented cement and concrete supplier
Cement
Grey cement
UltraTech's principal cement business supplies grey cement for housing, commercial buildings, industrial construction and infrastructure. The portfolio includes ordinary Portland cement and blended cement, allowing the company to serve general-purpose construction as well as projects requiring particular performance or material characteristics.
Ready-mix concrete
UltraTech Concrete
UltraTech Concrete is the company's ready-mix concrete offering. Concrete is produced in controlled batching facilities and delivered to construction sites, supporting applications such as foundations, structural frames, roads and other engineered works. The offering extends the brand beyond cement into a more integrated construction-materials role.
Cement
White cement
UltraTech participates in India's white-cement market, a segment used where appearance, surface finish and specialist applications are important. White cement complements the company's much larger grey-cement business and contributes to its position across multiple cement categories.
Cement intermediate
Clinker
Clinker is an intermediate material produced in cement manufacturing and subsequently ground and blended to make cement. UltraTech's integrated plants and grinding network make clinker an important part of its production and distribution system, although it is primarily an industrial input rather than a consumer-facing brand.
Controversies
2024
Manawar machinery fatality
A worker died after being trapped in a machine belt at the Manawar factory in Madhya Pradesh.
2024
Jaggayyapeta boiler explosion
A boiler explosion near Jaggayyapeta in Andhra Pradesh killed three workers and injured 13. The state government issued a closure notice while the incident was investigated.
2023
Hirmi oxygen-cylinder explosion
An oxygen-cylinder explosion at the Hirmi plant in Chhattisgarh killed three workers.
2022
Jafrabad silo-cleaning fatality
Hot liquid raw material fell on workers during silo cleaning at the Jafrabad plant in Gujarat, killing one worker and injuring two others.
Brand decisions
2024
Majority acquisition of India CementsM&ABackground
The transaction extended UltraTech's consolidation strategy into another established Indian cement producer.
Action taken
UltraTech acquired a majority stake in India Cements.
Aftermath
The deal expanded UltraTech's position in the Indian cement market, although detailed integration outcomes are not specified in the supplied material.
Reported consideration. INR 7,096.35 crore (December 2024)
2023
Burnpur Cement grinding assets acquisitionM&ABackground
UltraTech sought additional grinding capacity through an auction of assets held by an asset reconstruction company.
Action taken
The company acquired Burnpur Cement's cement-grinding assets for cash.
Aftermath
The acquisition added grinding assets to UltraTech's network.
Cash consideration. INR 169.79 crore (December 2023)
2018
Binani Cement acquisitionM&ABackground
UltraTech continued building scale through acquisitions in the Indian cement industry.
Action taken
The company acquired Binani Cement.
Aftermath
Binani's assets and market presence were added to UltraTech's cement network.
Reported acquisition consideration. INR 7,266 crore (November 2018)
2017
Acquisition of six Jaiprakash Associates integrated plantsM&ABackground
The acquisition was part of UltraTech's strategy to expand its integrated cement network and consolidate the Indian market.
Action taken
UltraTech acquired six integrated cement plants from Jaiprakash Associates.
Aftermath
The deal materially expanded the company's production footprint.
Reported acquisition consideration. INR 16,189 crore (2017)
2013
Acquisition of Jaypee Group's Gujarat cement unitM&ABackground
UltraTech pursued geographic and capacity expansion through consolidation in India's cement sector.
Action taken
The company acquired Jaypee Group's Gujarat cement unit.
Aftermath
The transaction strengthened UltraTech's manufacturing presence in Gujarat.
Reported acquisition consideration. INR 3,800 crore (2013)
Recent events
Reported
UltraTech announces Birla White capacity expansion[3]
UltraTech Cement announced a Rs 965 crore capital expenditure for modernisation and to almost double Birla White's production capacity, from 6.5 lakh tonnes per annum to 12.53 lakh tonnes per annum. The company said the additional capacity would become operational in phases.
Reported
UltraTech Cement wins Indian Circular Economy Award[4]
UltraTech Cement was named a joint winner in the Large Enterprise category of FICCI's Indian Circular Economy Award 2021.
- Unconfirmed
Reported
UltraTech Cement wins a Smarties X Silver award[5]
UltraTech Cement received a Silver award at the Mobile Marketing Association’s Smarties X awards 2021 for its entry in the ‘Cross Mobile Integration’ category.
Reported
KBC 13 secures sponsors[6]
Sony Entertainment Television announced that BYJU’S and Cadbury Dairy Milk would be co-presenting sponsors of KBC 13, with Hyundai Motor India, Asian Paints Royale Glitz, Ultratech Cement, Zydus Wellness (Complan), CERA, Pharmeasy, IDFC First Bank, LIC of India and Bharat Matrimony also joining as sponsors.
Reported
UltraTech Cement reduces prices in Jammu and Kashmir[7]
UltraTech Cement reduced cement prices in Jammu and Kashmir following the abolition of a toll tax in Lakhanpur. The reported price decreased from INR445 to INR380 per bag.
Sources7 sources
- 1UltraTech Cementen.wikipedia.org
- 2UltraTech Cement official websiteultratechcement.com
- 3UltraTech宣布扩大Birla White产能economictimes.indiatimes.com
- 4UltraTech Cement 获得印度循环经济奖business-standard.com
- 5UltraTech Cement获Smarties X银奖cemnet.com
- 6《KBC 13》引入赞助商indiantelevision.com
- 7UltraTech Cement下调查谟和克什米尔地区水泥价格cemnet.com
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