UltraTech Cement appoints Ashish Chandra as Chief Manufacturing Officer

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Reviewed by
Anirudha BScanX News Team
Key Highlights
  • Ashish Chandra appointed as Chief Manufacturing Officer (Designate) w.e.f. September 16, 2026
  • He becomes Senior Management Personnel immediately and assumes full CMO role on April 1, 2027
  • E R Raj Narayanan relinquishes the position on March 31, 2027 after a planned transition
  • Chandra brings 33 years of experience and holds five granted patents
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The Board of Directors of UltraTech Cement has approved the appointment of Mr. Ashish Chandra as Chief Manufacturing Officer (Designate). He assumes the role of Senior Management Personnel effective September 16, 2026.

Mr. Chandra will take over the full responsibilities of Chief Manufacturing Officer on April 1, 2027. This transition follows the planned relinquishment of the position by Mr. E R Raj Narayanan, who steps down on March 31, 2027.

Leadership Transition Details

The appointment was made based on the recommendation of the Nomination, Remuneration and Compensation Committee. The Board expressed its gratitude for Mr. Raj Narayanan's service and contributions to the company and the Aditya Birla Group.

Particulars Details
Appointee Mr. Ashish Chandra
Designation Chief Manufacturing Officer (Designate)
Effective Date (SMP) September 16, 2026
Effective Date (CMO) April 1, 2027
Predecessor Mr. E R Raj Narayanan
Cessation Date March 31, 2027

Profile of New Appointee

Mr. Chandra brings approximately 33 years of post-qualification experience in the manufacturing industry. His career includes leadership roles in large-scale manufacturing operations, project execution, and operational transformation.

He is a Mechanical Engineer from Punjab Engineering College, Chandigarh, and has completed the Senior Leadership Programme at Brown University. Notable achievements include contributing to the development of India's first 980 MPa cold-rolled steel, authoring eight technical publications, and holding five granted patents.

Historical Stock Returns for UltraTech Cement

1 Day5 Days1 Month6 Months1 Year5 Years
-0.31%-2.93%-9.08%-6.08%-12.29%0.0%

How might Mr. Chandra's background in steel manufacturing and operational transformation influence UltraTech's strategies for energy efficiency and carbon reduction in cement production?

What specific operational challenges or efficiency targets is the Board prioritizing during the six-month transition period between September 2026 and April 2027?

Could Mr. Chandra's experience with large-scale project execution signal a shift in UltraTech's approach to its upcoming capacity expansion plans or greenfield projects?

Cement majors plan ₹13,000 crore green-power push to boost margins

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Reviewed by
Jubin VScanX News Team
Key Highlights
  • UltraTech Cement, Ambuja Cement, and Dalmia Bharat plan a combined ₹13,000 crore investment in green power
  • The initiative targets margin improvement of up to 160 bps for the participating cement majors
  • The primary driver of the investment is reduction in energy costs, a significant input expense in cement production
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India's top cement producers plan to invest ₹13,000 crore in green power, targeting margin gains of up to 160 bps by cutting energy costs, according to a newspaper report.

Green energy investment drive

UltraTech Cement , Ambuja Cement, and Dalmia Bharat are among the cement majors driving this green-power push. The planned investment of ₹13,000 crore is aimed at reducing dependence on conventional energy sources, which represent a significant cost component for cement manufacturers.

Margin expansion potential

The initiative is expected to deliver margin improvement of up to 160 bps for the participating companies. Energy costs are a critical input expense in cement production, and a shift toward green power is reported to be a key lever for improving operational efficiency and profitability across the sector.

Key highlights

  • Combined planned green-power investment: ₹13,000 crore
  • Companies involved: UltraTech Cement, Ambuja Cement, Dalmia Bharat
  • Expected margin benefit: up to 160 bps
  • Primary objective: reduction in energy costs
Parameter Details
Total planned investment ₹13,000 crore
Companies involved UltraTech Cement, Ambuja Cement, Dalmia Bharat
Expected margin improvement Up to 160 bps
Investment focus Green power

The move reflects a broader industry effort to manage input cost pressures through sustainable energy adoption, as reported by the newspaper.

Historical Stock Returns for UltraTech Cement

1 Day5 Days1 Month6 Months1 Year5 Years
-0.31%-2.93%-9.08%-6.08%-12.29%0.0%

How might the ₹13,000 crore capital allocation for green power impact the free cash flow and dividend payout policies of UltraTech, Ambuja, and Dalmia in the near term?

Will this aggressive shift to renewable energy sources trigger a price war in the Indian cement sector as competitors race to replicate the 160 bps margin advantage?

What are the potential regulatory or grid-integration challenges these companies might face while scaling up their green power infrastructure across India?

More News on UltraTech Cement

1 Year Returns:-12.29%