2 weeks ago

Rising Energy Costs Pose Risk to India's Growth, Says Birla

Rising Energy Costs Pose Risk to India's Growth, Says Birla
Rising energy cost poses a risk to economic growth, says Birla · thehindubusinessline.com

India is a big country where many companies make things.

One very big company makes cement, which is used to build houses and roads.

The leader of that company is Mr. Kumar Mangalam Birla.

He told people that energy, like electricity and fuel, is getting more expensive.

When energy costs more, it can make it harder for India's economy to grow.

There is also a conflict happening in West Asia that can disturb trade.

But India is still expected to grow faster than most other big countries.

The country's central bank thinks India's economy will grow by 6.6 percent this year.

The cement company is also building more factories and buying solar power to help make energy.

This helps the company make cement in a cleaner way.

Key facts

Company
UltraTech Cement
Chairman
Kumar Mangalam Birla
RBI FY27 GDP growth projection
6.6%
Expected cement demand growth FY27
6-7%
Current cement capacity
Over 200 mtpa
Planned capacity by FY28
Over 240 mtpa
Committed investment
Rs 16,000 crore
Solar acquisition
26% stake in Solaris Horizon Energy, up to Rs 27 crore

Quotes

Kumar Mangalam Birla

Chairman of UltraTech Cement

“Risks to India’s GDP growth have elevated in FY27 on account of higher energy prices and trade disruptions caused by the West Asia conflict.”
thehindubusinessline.com
“The company is now the largest cement company in the world by capacity and by sales volumes, outside of China.”
thehindubusinessline.com

Sources

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