UltraTech Cement Expands into Wires & Cables, Announces Acquisition of Kesoram Industries

UltraTech Cement Expands into Wires & Cables, Announces Acquisition of Kesoram Industries

UltraTech Cement is entering the wires and cables segment, a strategic expansion for the company along the construction value chain. With the announcement of a 1:52 share swap ratio for Kesoram Industries, the acquisition will be effective from 1st March 2025.

New Plant in Gujarat with an Investment of ₹1,800 Crores
UltraTech will set up a wires and cables manufacturing unit in Bharuch, Gujarat, with a planned investment of ₹1,800 crores over two years to support its expansion. The plant is scheduled to become operational by December 2026.

Strategic Move to Further Strengthen the Market Position
Chairman Kumar Mangalam Birla said this was a synergistic step toward the realization of the company’s vision of providing integrated solutions for building. Aditya Birla Group is committed to nurturing its core cement business while growing in other high-growth segments that include wires and cables.

Growth Potential in Wires & Cables Industry
The Indian wires and cables market witnessed an average growth of 13 percent CAGR between FY19 and FY24. UltraTech sees itself well-positioned to build a good reputation in this segment considering the increasing demand across residential, commercial, infrastructure, and industrial sectors.

Kesoram Industries Acquisition: Important Information
Share Swap Ratio: 1 UltraTech share for every 52 shares of Kesoram Industries.
Record Date: March 10, 2025.
Market Expansion: Reinforces Southern India presence for UltraTech.