Cement Giants Unveil ₹30,500 Crore Investment Plan for Current Fiscal.

Despite lingering concerns over a broader revival in private capital expenditure, India's leading cement manufacturers are set to invest a substantial ₹30,500 crore in the current fiscal year (FY26). This significant outlay is driven by strong expectations of a sharp surge in demand, primarily fueled by the government's aggressive spending on infrastructure projects.

The nine largest cement companies are leading this investment push, with Aditya Birla Group's UltraTech Cement and Adani Group's Ambuja Cement and ACC spearheading the charge. Both UltraTech and the combined entity of Ambuja Cement and ACC have earmarked ₹9,000 crore each for capital expenditure in FY26.

Following closely are Dalmia Cement and Shree Cement, with planned investments of ₹3,500 crore and ₹3,000 crore, respectively, underscoring the industry's confidence in future growth.

UltraTech Cement, currently the nation's largest cement producer, significantly expanded its capacity in the last fiscal year (FY25). The company's capacity surged by 44 million tonnes per annum (mtpa) to reach 184 mtpa, a move bolstered by strategic acquisitions of India Cements and Kesoram Industries. Of this expansion, 27 mtpa was achieved through inorganic growth, while 17 mtpa came from organic additions. Looking ahead, UltraTech aims to further increase its capacity by an additional 21 mtpa by FY27, targeting a total capacity of 211 mtpa, signaling continued long-term growth ambitions.