UltraTech Cement is entering the wires and cables segment with a ₹1,800 crore investment to set up a plant near Bharuch, Gujarat, by December 2026. This move aligns with its expansion in the construction value chain. The company sees strong growth potential in the sector, which has grown at a 13% CAGR between FY19 and FY24. Chairman Kumar Mangalam Birla emphasized UltraTech’s commitment to providing comprehensive construction solutions while continuing its cement business expansion, having recently crossed 175 MTPA capacity in India.