The stock jumped 5 per cent to Rs 913.95 after the company inaugurated a 1.2 million tonne factory at Kudithini village in Karnataka, 16th in the country, on an investment of Rs 370 crore. With the new plant, the company’s total annual capacity has gone up to 26 million tonnes. It has also consolidated the company’s position as India's largest cement producer.
Meanwhile, the company reported a marginal dip in sales in December at 1.88 million tonnes. The company had sold 1.9 million tonnes of cement in December 2008. Cement production of the company also declined to 1.86 million tonnes during the last month, compared with 1.91 million tonnes in the year-ago period.
Shares fall as much as 8%