Ultratech Cement commissions cement capacity of 1.2 mtpa in Oct 2021; Stock surges

The Company’s total cement manufacturing capacity in India now stands increased to 112.55 mtpa.

Oct 14, 2021 03:10 IST India Infoline News Service

UltraTech Cement
Ultratech Cement commissions cement capacity of 1.2 mtpa in October 2021 which is the first phase of the 19.5 mtpa capacity expansion announced in December last year.

In a regulatory filing, Ultratech said that this additional capacity will help the Company to service the fast-growing cement demand in the Eastern markets and will also help in increasing its blended cement ratio.

From the latest capacity, the company commissioned an additional cement capacity of 0.6 mtpa in Bihar-based Patliputra Cement Works, taking the Unit’s capacity to 2.5 mtpa. Also, the company commissioned an additional cement capacity of 0.6 mtpa in West Bengal-based Dankuni Cement Works, taking the Unit’s capacity to 2.2 mtpa.

The investment required for these additional capacities was Rs400cr.

The Company’s total cement manufacturing capacity in India now stands increased to 112.55 mtpa.

At around 3.26 pm, Ultratech was trading at Rs7386.05 per piece up 0.5% on Sensex. The stock has touched an intraday high of Rs7457.15 per piece.

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