UltraTech Cement Ltd, owned by the Aditya Birla Group, is set to achieve its ambitious capacity milestone of 200 million tonnes per annum (MTPA) in the current financial year—a year ahead of schedule—chairman Kumar Mangalam Birla told shareholders at the company’s annual general meeting on August 19.

The accelerated expansion, driven by a mix of acquisitions and organic growth, cements UltraTech’s position as not only India’s largest producer but also one of the biggest cement makers globally, second only to China.

“With nearly 70 percent of capital expenditure focused on growth, your company is firmly on track to cross 200 MTPA capacity in FY26 – a full year ahead of the original FY27 goal. This acceleration places us on an even stronger and more sustained growth trajectory for the years ahead,” Birla said in his address.

In FY25, India’s largest cement maker added 42.6 MTPA in capacity, with a large part through acquisitions, including India Cements, as well as the cement operations of Kesoram Industries. Of the FY25 capacity addition, 16.3 MTPA came through organic expansion, while the rest came from the acquisitions.

For the ongoing financial year, the company has indicated large-scale capacity expansion through debottlenecking projects at existing units, as well as the commissioning of new grinding and integrated units across India.

He added that with the exception of China, UltraTech is poised to become the largest selling cement firm in the world. Addressing shareholders, he said that India’s economy is poised to grow on the basis of strong fundamentals and policy.

“Despite risks from global market volatility, geopolitical developments, and fragmented trade relations, India’s strong fundamentals, resilient financial system, and policy focus on long-term stability, position it well to sustain growth. The country is expected to retain its position as the fastest-growing major economy in 2025-26,” said Birla.

He also said that growth in the construction sector in India is expected to be aided by increased investments towards measures such as Gati Shakti, affordable housing schemes, and asset monetisation plans.