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UltraTech Cement gains on commissioning Greenfield Factory in South-West MP

19 Apr 2018 Evaluate

UltraTech Cement is currently trading at Rs. 4128.25, up by 130.80 points or 3.27% from its previous closing of Rs. 3997.45 on the BSE.

The scrip opened at Rs. 4010.00 and has touched a high and low of Rs. 4147.80 and Rs. 4009.35 respectively. So far 5780 shares were traded on the counter.

The BSE group 'A' stock of face value Rs. 10 has touched a 52 week high of Rs. 4594.30 on 16-Jan-2018 and a 52 week low of Rs. 3774.00 on 27-Sep-2017.

Last one week high and low of the scrip stood at Rs. 4147.80 and Rs. 3792.40 respectively. The current market cap of the company is Rs. 111553.69 crore.

The promoters holding in the company stood at 62.05%, while Institutions and Non-Institutions held 27.90% and 9.40% respectively.

UltraTech Cement has commissioned a Greenfield clinker capacity of 2.5 mtpa at Manawar, District- Dhar, Madhya Pradesh (MP). The plant has been commissioned in record time of less than 365 days - setting a global benchmark for size of such capacity. Yet another benchmark is setting up the greenfield plant at less than $90/mt.

The Kiln is designed for multi fuel and the entire system of using alternative fuels, which enhances the energy efficiency and reduces environmental impact, is an integral part of the plant. Along with the kiln, the company has also commissioned a cement grinding facility of 1.75 mtpa capacity and an auto loading facility. This state-of-the-art manufacturing facility has been built with best in class safety standards. Another cement grinding facility of 1.75 mtpa capacity as well as a waste heat recovery system of 13 MW capacity is under erection and both are expected to be completed before September, 2018.

The plant is strategically located in the South-West region of MP. There are no other cement manufacturing units within a radius of 300 kms.

This new plant will provide a strategic advantage to the company for serving the growing cement demand from the State of Madhya Pradesh’s main industrial belt - the Dewas-Ratlam-Pithampur-lndore sector. It will also help the company to increase its market share in a fast growing market. The company will enhance its presence in the North markets, by re-allocating its capacities suitably.

With the commissioning of this plant, the company now has 19 integrated plants. The total cement manufacturing capacity will stand augmented to 96.5 mtpa.

Ultratech Cement Share Price

11887.30 59.10 (0.50%)
17-Apr-2026 16:59 View Price Chart
Peers
Company Name CMP
Ultratech Cement 11887.30
Ambuja Cement 458.95
ACC 1431.85
Shree Cement 25301.95
Dalmia Bharat 1972.55
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