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Cement stocks under pressure as UltraTech announces Rs 12,866 cr capex plan

Shares of cement companies like UltraTech Cement, Dalmia Bharat, JK Cement, The Ramco Cements and Shree Cement were down in the range of 2 per cent to 6 per cent.

Topics
Buzzing stocks | Cement stocks | Capex spending

SI Reporter  |  Mumbai 



Ultratech cements

Shares of cement companies were under pressure as they fell up to 6 per cent on the BSE on Friday in an otherwise firm market. The fall comes after the sector major UltraTech approved a new capital expenditure (capex) plan of Rs 12,886 crore to tide increased competition in the sector.

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First Published: Fri, June 03 2022. 10:03 IST

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