UltraTech Cement gains on commissioning additional capacity
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UltraTech Cement is currently trading at Rs. 11757.95, up by 96.65 points or 0.83% from its previous closing of Rs. 11661.30 on the BSE.
The scrip opened at Rs. 11739.70 and has touched a high and low of Rs. 11790.00 and Rs. 11672.00 respectively. So far 2081 shares were traded on the counter.
The BSE group 'A' stock of face value Rs. 10 has touched a 52 week high of Rs. 11875.95 on 27-Jun-2024 and a 52 week low of Rs. 7940.55 on 16-Aug-2023.
Last one week high and low of the scrip stood at Rs. 11875.95 and Rs. 10600.00 respectively. The current market cap of the company is Rs. 338839.71 crore.
The promoters holding in the company stood at 59.96%, while Institutions and Non-Institutions held 31.94% and 7.58% respectively.
UltraTech Cement has commissioned additional 3.35 mtpa clinker along with 1.8 mtpa grinding capacity at its existing unit situated at Tadipatri, Andhra Pradesh. This addition in capacity forms part of the 22.6 mtpa capacity expansion announced in June, 2022.
Furthermore, with debottlenecking, the Company has increased the capacity of its griding unit at Jharsuguda, Odisha by 0.4 mtpa taking it to 4.5 mtpa. As a result, the Company’s total cement capacity has reached 154.86 mtpa.
UltraTech Cement is the largest manufacturer of grey cement, Ready Mix Concrete (RMC) and white cement in India.
