UltraTech Cement Ltd’s Chairman Kumar Mangalam Birla has said that UltraTech Cement will aims and work towards achieving a production capacity of 200 million tonnes (mt), up from its existing commissioned capacity of nearly 138 mt. This scorching pace of expansion is unprecedented in the sector. Completion of all the capacity expansion projects currently underway will take the company’s cement production capacity to 160-plus mtpa (million tonnes per annum). Ultratech doubled its grey cement production capacity from 66.3 mtpa in FY16 to 132.4 mtpa in FY23. The company had an additional 5.5 mtpa of capacity in FY24, raising the total capacity to 137.85 mtpa. The company has also stated to have been a cement maker and has also taken steps to decarbonize its operations throughout the value chain. The Government has been working on a second leg of the performance-linked incentive (PLI) programme for the steel sector, focused on import substitution. Companies participating in the first phase of the PLI scheme for the sector have committed to an investment of Rs 29, 530 crore, with a downstream.