FilingReader Intelligence
UltraTech Cement to expand into wires and cables
February 28, 2025 at 07:06 PM UTC•By FilingReader AI
UltraTech Cement (BSE:ULTRACEMCO) is set to diversify its operations by venturing into the wires and cables market, according to a recent investor presentation. The company plans to invest ₹1,800 Crores in this new business line, expecting an Internal Rate of Return (IRR) of approximately 25% and a Return on Capital Employed (ROCE) exceeding 20%. Launch is scheduled for December 2026.
This report was generated by FilingReader's AI system from regulatory filings and company disclosures. To request a correction, contact editorial@filingreader.com
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BSE:ULTRACEMCO•Bombay Stock Exchange
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