UltraTech Cement gains on planning to deploy 100 more electric trucks
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Ultratech Cement is currently trading at Rs. 10815.00, up by 188.60 points or 1.77% from its previous closing of Rs. 10626.40 on the BSE.
The scrip opened at Rs. 10600.95 and has touched a high and low of Rs. 10863.60 and Rs. 10600.95 respectively. So far 807 shares were traded on the counter.
The BSE group 'A' stock of face value Rs. 10 has touched a 52 week high of Rs. 12138.25 on 27-Sep-2024 and a 52 week low of Rs. 8544.00 on 24-Nov-2023.
Last one week high and low of the scrip stood at Rs. 10873.75 and Rs. 10535.75 respectively. The current market cap of the company is Rs. 312416.05 crore.
The promoters holding in the company stood at 59.99%, while Institutions and Non-Institutions held 32.10% and 7.41% respectively.
UltraTech Cement is planning to deploy 100 more electric trucks for the transportation of material and products in its logistics operations following a successful pilot project that commenced with five such trucks in January 2024.
The company has signed a new transport service contract for the deployment of these trucks for the transportation of 75,000 Million Tonne (MT) of clinker per month from its integrated cement manufacturing unit at Dhar in Madhya Pradesh, to its grinding unit at Dhule in Maharashtra. The company aims to deploy 500 electric trucks by June 2025 as part of the Central government of India's eFAST initiative. The company currently has more than 468 CNG trucks and 67 LNG trucks operational for the transport of products and materials across several of its manufacturing units.
UltraTech Cement is the largest manufacturer of grey cement, Ready Mix Concrete (RMC) and white cement in India.
