UltraTech Cement rose 2.50% to Rs 7,348.85 after the company announced the commissioning of cement capacities in Chhattisgarh and Odisha. The cement company announced the commissioning of 1.30 million tonnes per annum (mtpa) brownfield cement capacity at Hirmi in Chhattisgarh. It has also started up a 2.80 mtpa greenfield grinding capacity in Cuttack, Odisha.
According to the company, this is part of their ongoing capacity expansion. With this, the company’s total cement manufacturing capacity in India increased to 126.95 mtpa. UltraTech Cement is the Aditya Birla Group’s cement flagship company. It is the world’s third largest cement producer outside of China, with a consolidated Grey Cement capacity of 126.75 mtpa.