UltraTech Cement gains on commissioning 1.3 mtpa brownfield cement capacity at Sonar Bangla
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Ultratech Cement is currently trading at Rs. 8249.25, up by 27.75 points or 0.34% from its previous closing of Rs. 8221.50 on the BSE.
The scrip opened at Rs. 8225.10 and has touched a high and low of Rs. 8348.60 and Rs. 8225.10 respectively. So far 3832 shares were traded on the counter.
The BSE group 'A' stock of face value Rs. 10 has touched a 52 week high of Rs. 8501.00 on 04-Jul-2023 and a 52 week low of Rs. 5684.20 on 14-Jul-2022.
Last one week high and low of the scrip stood at Rs. 8440.85 and Rs. 8154.50 respectively. The current market cap of the company is Rs. 239831.95 crore.
The promoters holding in the company stood at 59.96%, while Institutions and Non-Institutions held 31.76% and 7.77% respectively.
UltraTech Cement has commissioned 1.3 mtpa brownfield cement capacity at Sonar Bangla, West Bengal, taking the Unit’s capacity to 3.3 mtpa. With this, the company completes the first phase of expansion in the Eastern region. The company has commissioned cement capacity of 10.3 mtpa in the region over the last two years, catering to the rapidly growing cement demand in the region.
Moreover, it will facilitate in reducing lead distance and in increasing the company’s blended cement ratio, which is in line with its stated endeavour of reducing carbon emissions from its operations. The company’s total grey cement manufacturing capacity in India now stands at 131.25 mtpa.
UltraTech Cement is the largest manufacturer of grey cement, Ready Mix Concrete (RMC) and white cement in India.
