Ultratech Cement Ltd.

BSE: 532538 | NSE: ULTRACEMCO
Large Cap | Cement & Construction Materials
12277.00
-95.55 (-0.77%)
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Ultratech Cement gains on the buzz of plan to acquire JP's Bhilai Plant at around Rs 2200 crore

Date: 20-05-2015

Ultratech Cement is currently trading at Rs 2987.00, up by 17.45 points or 0.59% from its previous closing of Rs. 2969.55 on the BSE.

The scrip opened at Rs. 2970.00 and has touched a high and low of Rs. 3028.00 and Rs. 2970.00 respectively. So far 9532 shares were traded on the counter.

The BSE group 'A' stock of face value Rs. 10 has touched a 52 week high of Rs. 3399.00 on 04-Mar-2015 and a 52 week low of Rs. 2195.00 on 26-May-2014.

Last one week high and low of the scrip stood at Rs. 3028.00 and Rs. 2745.10 respectively. The current market cap of the company is Rs. 82192.91 crore.

The promoters holding in the company stood at 61.69% while Institutions and Non-Institutions held 25.18% and 11.38% respectively.

Ultratech Cement, an Aditya Birla Group Company is reportedly planning to acquire JP's Bhilai Plant at Enterprise value of Rs 2,100-2,200 crore. The debt of JP Group's Bhilai Cement Plant stands at Rs 558 crore.

UltraTech manufactures and markets Ordinary Portland Cement, Portland Blast Furnace Slag Cement and Portland Pozzalana Cement. The company has 11 integrated plants, one white cement plant, one clinkerisation plant in UAE, 15 grinding units 11 in India, 2 in UAE, one in Bahrain and Bangladesh each and five terminals, four in India and one in Sri Lanka