UltraTech Cement Elevates Jayant Dua as Managing Director
UltraTech Cement, a subsidiary of the prestigious Aditya Birla Group, made a significant announcement regarding the appointment of Jayant Dua as the new Managing Director, with his position set to commence on April 1, 2026.
The company's board has authorized his selection as an Additional Director, Managing Director, and Key Managerial Personnel effective January 1, 2027, subsequent to the conclusion of the existing Managing Director K. C. Jhanwar's tenure on December 31, 2026.
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According to a company filing, Dua has been appointed as the Managing Director for a four-year tenure, commencing from January 1, 2027, and concluding on December 31, 2030.
An experienced executive with more than 37 years of professional background, Dua began working for the cement business of the Aditya Birla Group in 1996, where he held a variety of functional and leadership positions for nearly 10 years.
Over the course of the last twenty years, he has taken on various roles involving financial management and executive leadership in several divisions of the company, such as insulators, insurance, Century Cement, and the chlor-alkali segment.
His promotion in 2023 granted him the leadership of the group's Renewable Energy and Textiles sectors.
Dua has been the recipient of various internal accolades within the Aditya Birla Group, such as the Chairman's Individual Award for Exceptional Contribution in 2002, the Outstanding Leader award in 2009, and the prestigious Leader of Leaders recognition in 2022.
He obtained an engineering degree from the prestigious Indian Institute of Technology Delhi, followed by earning an MBA from the International Management Institute. He further enhanced his skills by completing the Advanced Management Program at Harvard Business School.
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Furthermore, UltraTech Cement recently unveiled a strategic initiative aimed at enhancing its renewable energy portfolio through the acquisition of a 26 percent equity interest in AMPIN C&I Power Forty Four Private Limited. This decision forms a crucial component of the company's overarching strategy to augment the integration of sustainable energy sources in its activities, as well as effectively reduce its long-term energy expenses.
AMPIN C&I Power Forty Four Private Limited is the focus of the acquisition, operating as a Special Purpose Vehicle dedicated to the production and distribution of solar energy. This entity has been established specifically for the purpose of developing a solar power project capable of generating 45 MWp DC / 30 MW AC, complete with battery energy storage. The intended site for this project is Golamunda, situated within the Kalahandi district of Odisha, with the ultimate goal of serving as a dedicated power source to fulfill UltraTech's electricity requirements.
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The Special Purpose Vehicle (SPV) was established on August 12, 2025, and as a result, there is no documented turnover for the past three fiscal years. However, this project plays a crucial role in UltraTech's overall sustainability and energy management strategy for the long term. UltraTech Cement has announced that it will invest a sum of up to Rs.15.12 crore in cash. The company has formalized this investment by entering into an Energy Supply Agreement and a Share Subscription and Shareholders Agreement with the project entity.
UltraTech Cement anticipates that the acquisition process will be finalized within 180 days following the execution of these agreements. The capital infusion will enable UltraTech to fulfill its increasing demand for renewable energy while simultaneously adhering to legal standards governing the utilization of in-house power as stipulated by Indian electricity laws. Through the acquisition of a dedicated solar energy facility, the organization aims to minimize vulnerability to volatile energy costs and bolster its overall commitment to sustainability and carbon footprint reduction.