Ultratech Cement rose 0.45% to Rs 3759.70 at 10:54 IST on BSE after the company said it commissioned the second unit of 1.75 mtpa cement grinding capacity at Dhar in Madhya Pradesh.
The announcement was made during trading hours today, 29 June 2018.Meanwhile, the S&P BSE Sensex was up 198.25 points, or 0.57% to 35,235.89.
On the BSE, 2,124 shares were traded in the counter so far compared with average daily volumes of 19,000 shares in the past two weeks. The stock had hit a high of Rs 3783 and a low of Rs 3705.10 so far during the day. The stock hit a record high of Rs 4,594.30 on 16 January 2018. The stock hit a 52-week low of Rs 3,566.45 on 22 June 2018.
The company's total cement manufacturing capacity now stands at 92.5 mtpa and with the other on-going capacity expansions, the company's cement manufacturing capacity will stand augmented to 96.5 mtpa.
On a consolidated basis, net profit of UltraTech Cement declined 38.56% to Rs 446.13 crore on 34.21% rise in net sales to Rs 9420.76 crore in Q4 March 2018 over Q4 March 2017.
UltraTech Cement is the largest manufacturer of grey cement, ready mix concrete and white cement in India.
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