New Delhi, Feb. 27 -- UltraTech Cement's foray into the cables and wires (C&W) sector is expected to be a disruptive development, potentially leading to a de-rating in valuation multiples of existing industry players, analysts said.

On February 25, UltraTech Cement, part of the Aditya Birla Group, announced that its board of directors had approved its entry into the wires and cables segment with a planned capital expenditure of Rs.1,800 crore over the next two years. The manufacturing facility will be established near Bharuch, Gujarat, with commissioning targeted for December 2026.

Upon full-scale operations, analysts estimate that the company's expansion into the C&W business could contribute approximately 4-5% to its projected FY27 EB...