UltraTech Cement believes it will be easy to make inroads into cables and wires market. Cable demand is infrastructure-driven, and with the company already present in many projects, it sees a strong opportunity for growth in this segment. The C&W plant will be commissioned on or before Dec'26.
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Motilal Oswal Report
While UltraTech Cement Ltd. is venturing into a new business segment—Cables and Wires — its core business remains grey cement. The company aims to expand its consumer reach and has identified C&W as a strategic fit, given its immediate adjacencies to the existing core construction value chain.
At the same time, the company continues to strengthen its leadership position in cement through both organic and inorganic expansions beyond FY27. We reiterate our Buy rating on the stock.
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