UltraTech Cement gains on commissioning 2nd clinker line at Hirmi Cement Works
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Ultratech Cement is currently trading at Rs. 6062.35, up by 49.30 points or 0.82% from its previous closing of Rs. 6013.05 on the BSE.
The scrip opened at Rs. 6066.20 and has touched a high and low of Rs. 6080.00 and Rs. 5981.90 respectively. So far 7861 shares were traded on the counter.
The BSE group 'A' stock of face value Rs. 10 has touched a 52 week high of Rs. 8267.00 on 08-Nov-2021 and a 52 week low of Rs. 5631.05 on 08-Mar-2022.
Last one week high and low of the scrip stood at Rs. 6434.95 and Rs. 5825.00 respectively. The current market cap of the company is Rs. 174563.59 crore.
The promoters holding in the company stood at 59.96%, while Institutions and Non-Institutions held 30.47% and 9.04% respectively.
As part of the company's ongoing expansion plan, UltraTech Cement has commissioned 2nd clinker line of 2.70 mtpa at Hirmi Cement Works, its integrated cement manufacturing unit located in Chhattisgarh. The commissioning of clinkerisation unit was completed well ahead of schedule. This is a unique achievement considering the slowdown faced in project work earlier during the year due to Covid. Cement mill upgradation for a further capacity of 1.30 mtpa is also on track to commission in Q2FY23.
UltraTech Cement is the largest manufacturer of grey cement, Ready Mix Concrete (RMC) and white cement in India.
