4th, Apr, 2025
UltraTech Strengthens Market Position with Wonder WallCare Acquisition
In a strategic move to bolster its position in the white cement market, UltraTech Cement, the flagship company of the Aditya Birla Group, has announced the acquisition of Wonder Cement's white cement business for an enterprise value of ₹235 crore, inclusive of debt. Wonder Cement, owned by Ashok Patni and his family—the founders of RK Marble—operates a 600,000-tonne per annum white cement manufacturing plant in Rajsamand-Nathdwara, Rajasthan. Established in 2019, the plant has demonstrated impressive growth, with turnover escalating from ₹21 crore in FY23 to ₹79 crore in FY24. The facility's strategic location near abundant raw material reserves and its proximity to UltraTech's existing putty manufacturing units in Rajasthan make it a valuable addition to UltraTech's portfolio. This acquisition is set to enhance UltraTech's white cement production capacity, which currently stands at 2.7 million tonnes per annum. Read more: Top 10 Cement Companies in India 2025 The white cement market in India is both competitive and fragmented. By integrating Wonder Cement's white cement operations, UltraTech aims to strengthen its market presence and leverage synergies between the two companies' manufacturing facilities. This move aligns with UltraTech's broader strategy of expanding its footprint in the building solutions sector. The acquisition of Wonder Cement's white cement business underscores UltraTech Cement's commitment to growth and consolidation in the building materials industry. By augmenting its production capabilities and capitalizing on strategic plant locations, UltraTech is well-positioned to meet the increasing demand for white cement in India.Details of the Acquisition
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