UltraTech Cement Receives Rs 782 Cr. Notice from GST Authorities
UltraTech Cement Ltd. has recently shared a press release dated 20th December, 2025, mentioning that the company has received an order from GST authorities for paying short payments of GST, amounting to a cumulative total of Rs. 782.2 crore.
Notice for Short GST Payments and Input Tax Credit Irregularities
As per the press release, the order has been received via Joint Commissioner, Central Goods and Services Tax & Central Excise, Patna. The said authority passed Order in Original for upholding a tax liability of Rs. 390.9 crore with applicable interest on tax demand. In addition, a penalty of Rs. 390.9 crore and an additional interest of Rs. 27,68,289 have been applied to the original tax liability. The company received this order on 19th December 2025.
This order has been passed on various matters that occurred during the financial years 2018-2019 to 2022-2023, broadly including alleged short GST payment and improper utilization of Input Tax Credit.
UltraTech Cement stated that the company is currently reviewing the order and would be contesting it after considering all legal options. Further, the company mentioned that it does not expect this order to have any operational or financial impact on the company.
UltraTech Targets 245 Million Tonnes by FY29
UltraTech has planned expansions in FY26 with an annual CapEx outlay of Rs. 10,000 crore. Company has acquired 31% and 55% stakes in The India Cements Ltd. and Kesoram Industries Ltd. (KIL), respectively.
UltraTech had a consolidated revenue of Rs. 75,955 crore in FY25 with a healthy growth of 7% YoY. Further, the company has reported revenue of Rs. 19,606.93 crore in Q2 FY26. The company’s Profit After Tax (PAT) for Q2 FY26 is Rs. 1,237.98 crore.
UltraTech to Strengthen it’s Northern and Western Markets
Mr. Atul Daga, Chief Financial Officer at UltraTech Cement, mentioned during the company’s Q2 FY26 earnings call that UltraTech is focused on Northern and Western markets after completing their consolidation in Southern Market in FY25. To strengthen their position in Northern and Western markets, the company has planned largely brownfield and some greenfield expansion with 22.8 million tons of capacity. Of this planned expansion 18 million tonnes is focused on Northern markets and 2.8 million tons on the Western markets.
UltraTech targets to reach 240-245 million tons in total cement production capacity by FY29. Out of the total production target, the company will reach 200 million tons capacity by the end of FY26.
About UltraTech Cement Ltd.: UltraTech Cement is a major Indian cement manufacturer, and its product range comprises grey cement, white cement, and Ready Mixed Concrete (RMC). As per UltraTech, it is the third largest cement producer in the world (excluding China).