UltraTech Cement jumps on targeting production capacity of 200 MTPA
Ultratech Cement is currently trading at Rs. 8245.85, up by 196.90 points or 2.45% from its previous closing of Rs. 8048.95 on the BSE.
The scrip opened at Rs. 8028.35 and has touched a high and low of Rs. 8264.95 and Rs. 7940.55 respectively. So far 4001 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. 6005.00 on 26-Sep-2022.
Last one week high and low of the scrip stood at Rs. 8264.95 and Rs. 7940.55 respectively. The current market cap of the company is Rs. 237844.35 crore.
The promoters holding in the company stood at 59.96%, while Institutions and Non-Institutions held 31.81% and 7.70% respectively.
UltraTech Cement is targeting a production capacity of 200 million tonnes per annum (MTPA) as it looks to become one of the largest cement companies in the world. The company has already commenced work on the next growth phase of adding 22.6 MTPA additional capacity and after its completion, UltraTech will have over 160 MTPA cement production capacity.
UltraTech had an installed capacity of 132.4 MTPA in FY22 and then added another 5.5 MTPA in FY23, elevating its total cement production capacity to 137.85 MTPA. The firm has doubled its grey cement production capacity from 66.3 MTPA in FY16 to 132.4 MTPA in FY23.
UltraTech Cement is the largest manufacturer of grey cement, Ready Mix Concrete (RMC) and white cement in India.
