India's UltraTech Cement to spend $206 million to enter cables, wires business

UltraTech Cement will invest 18 billion rupees to launch a wires and cables business as part of its building products division. The new plant, to be completed by December 2026, targets a market with 13% CAGR. Despite industry dominance by Polycab and Havells, and challenges like volatile copper prices, UltraTech aims to expand its construction materials presence.