UltraTech Cement Limited, a leading cement manufacturer in India, has recently announced the commissioning of a one million tonnes per annum (mtpa) brownfield cement capacity at its Roorkee facility in Uttarakhand. With this expansion, the company’s total capacity at the unit has now increased to 2.1 mtpa. The completion of this project is a significant milestone towards the overall capacity enhancement plan of UltraTech Cement, which aims to add a total of 22.6 mtpa of capacity across various locations.
The newly commissioned facility at Roorkee is expected to significantly contribute to the company’s cement manufacturing capabilities. As a result of this expansion, UltraTech Cement now boasts a total capacity of 138.39 mtpa for producing grey cement in India, strengthening its position as a leading player in the industry.
Shares of UltraTech Cement Limited Rise on the Bombay Stock Exchange
The news of the commissioning of the new capacity at Roorkee has positively impacted UltraTech Cement’s stock prices. On the Bombay Stock Exchange (BSE), the company’s shares were last traded at Rs 9,686.55, surpassing the previous closing price of Rs 9,607.35. Throughout the day, a total of 5,895 shares were traded in over 2,457 transactions.
Stock Performance: Intraday High and Low
UltraTech Cement’s stock experienced a fluctuation in its intraday trading, reaching a high of Rs 9,749 and a low of Rs 9,578.50. The volatility in the stock’s price suggests the interest and involvement of investors in response to the news of the company’s capacity expansion.
Net Turnover Digits
During the trading day, the net turnover for the company amounted to an impressive Rs 57,035,797.00. This figure reflects the value of the total shares that were bought and sold throughout the day on the BSE. Overall, the commissioning of the new capacity at UltraTech Cement’s Roorkee facility not only enhances their production capabilities but also indicates their commitment to a strategic growth plan for the cement industry. The positive response from the market, as evident in the rise of the company’s stock prices, highlights the confidence investors have in UltraTech Cement’s ability to capitalize on the growing demand for cement in the Indian market. With a strong portfolio of products and a focus on expansion, UltraTech Cement continues to actively contribute to India’s vibrant infrastructure and construction sectors.
