Aditya Birla Group launches wires, cables business

Aditya Birla Group launches wires, cables business with ₹1,800 crore bet Stock on radar

SEBI RA – Shubh Consultancy – Sunil Kotak – INH000015826 The Aditya Birla group on Thursday announced the launch of its wires and cables business Ultravolt. Backed by an investment of ₹1,800 crore, Ultravolt will be the second-largest player in the wires segment by capacity, the group said. Housed under UltraTech Cement, the group’s flagship firm, Ultravolt aims to build a scaled national brand and become one of the top two players within five years. UltraTech’s entry into the wires and cables market extends its participation in the construction value chain beyond grey cement, ready-mix concrete, building products, and white cement in line with its stated building solutions strategy. It also enables UltraTech to participate more deeply in the growing opportunity around homebuilding, infrastructure, and electrification, the group noted. Kumar Mangalam Birla, chairman of the $72 billion Aditya Birla group, said: “Wires and cables are becoming central to India's next phase of development. They sit at the intersection of three mega trends in the Indian economy — urbanisation, electrification, and digitisation. More than 100 million new homes over the next decade, expanding energy infrastructure, and the rapid rise of data centres are poised to fuel a boom in the category. Our distinctive advantage comes from a deep understanding of the product, its underlying components, and the adjacent ecosystems.” All this is for information This is not a buy/sell recommendation. Thank you, Technofunda24