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Saurabh Tyagi--Clovek,Advisory

27th Feb 2025 · SEBI-Registered Analyst

ULTRACEMCO
entering into Cables & Wires Segment.

ULTRACEMCO
said it will set up wires and cables plant in Bharuch, Gujarat, with an expenditure of Rs 1,800 crore over next two years. The plant is expected to be commissioned by December 2026.
ULTRACEMCO
noted that the entry into the C&W segment is in line with the its strategy to strengthen its position as a comprehensive Building Solutions provider. "UltraTech proposes to leverage its extensive manufacturing expertise coupled with its connect with the end-customers to deliver high-quality wires and cables thereby targeting a higher share of the customers wallet," said the firm in a press release.

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