{"id":121699,"date":"2024-04-03T12:45:07","date_gmt":"2024-04-03T07:15:07","guid":{"rendered":"https:\/\/tradebrains.in\/features\/?p=121699"},"modified":"2024-04-03T12:45:12","modified_gmt":"2024-04-03T07:15:12","slug":"cement-stock-jumps-after-company-to-invest-32400-cr-for-expansion","status":"publish","type":"post","link":"https:\/\/tradebrains.in\/features\/cement-stock-jumps-after-company-to-invest-32400-cr-for-expansion\/","title":{"rendered":"Cement stock jumps after company to invest \u20b9 32,400 Cr for expansion"},"content":{"rendered":"<div class=\"trade-content_2\" style=\"margin-left: auto;margin-right: auto;text-align: center;\" id=\"trade-1314387027\"><p><a href=\"https:\/\/tradebrains.in\/get\/telegram\/\"><img decoding=\"async\" class=\"alignnone wp-image-101992\" src=\"https:\/\/tradebrains.in\/features\/wp-content\/uploads\/2023\/01\/telegram-channel-300x119.png\" alt=\"\" width=\"148\" height=\"59\" \/><\/a> <a href=\"https:\/\/news.google.com\/publications\/CAAqBwgKMN3Epgswxc--Aw?hl=en-IN&amp;gl=IN&amp;ceid=IN%3Aen\"><img decoding=\"async\" class=\"alignnone wp-image-123430\" src=\"https:\/\/tradebrains.in\/features\/wp-content\/uploads\/2024\/05\/follow-on-google-news-300x82.png\" alt=\"follow-on-google-news\" width=\"222\" height=\"61\" srcset=\"https:\/\/tradebrains.in\/features\/wp-content\/uploads\/2024\/05\/follow-on-google-news-300x82.png 300w, https:\/\/tradebrains.in\/features\/wp-content\/uploads\/2024\/05\/follow-on-google-news-150x41.png 150w, https:\/\/tradebrains.in\/features\/wp-content\/uploads\/2024\/05\/follow-on-google-news.png 468w\" sizes=\"(max-width: 222px) 100vw, 222px\" \/><\/a><\/p>\n<\/div><p>The shares of India\u2019s largest cement manufacturer with a market share of over 23 percent jumped upto 2 percent in the day\u2019s trade following the commissioning of two greenfield projects and future investment plans of Rs. 32,400 Crores.&nbsp;<\/p><div class=\"trade-content_7\" style=\"margin-left: auto;margin-right: auto;text-align: center;\" id=\"trade-2702957158\"><!-- Composite Start --> \r\n <div id=\"M923760ScriptRootC1549812\"> \r\n <\/div> \r\n <script src=\"https:\/\/jsc.mgid.com\/t\/r\/tradebrains.in.1549812.js\" async> \r\n <\/script> \r\n <!-- Composite End --><\/div><p>With a market capitalization of Rs. 2,94,295 Crores, the shares of <strong><a href=\"https:\/\/portal.tradebrains.in\/stock\/ULTRACEMCO\/consolidated\" target=\"_blank\" rel=\"noreferrer noopener\">Ultratech Cement Limited<\/a><\/strong> were trading at Rs. 10,194, up 1.54 percent from its previous day\u2019s close price of Rs. 10,039.&nbsp;<\/p><p>Ultratech Cement Limited has commissioned two new greenfield capacities totaling 5.4 mtpa in the states of Chhattisgarh and Tamil Nadu, taking the Company\u2019s total cement capacity to 151.6 mtpa.&nbsp;<\/p><p>It subsequently added more than 50 mtpa in less than 5 years with an investment of around Rs. 32,000 crores and is committed to a capex of Rs.32,400 crores over the next three years&nbsp;<\/p><div class=\"trade-content_5\" id=\"trade-1529816493\"><script async src=\"https:\/\/pagead2.googlesyndication.com\/pagead\/js\/adsbygoogle.js?client=ca-pub-4023722985638610\"\r\n     crossorigin=\"anonymous\"><\/script>\r\n<!-- in_content_2_news -->\r\n<ins class=\"adsbygoogle\"\r\n     style=\"display:block\"\r\n     data-ad-client=\"ca-pub-4023722985638610\"\r\n     data-ad-slot=\"7925020301\"\r\n     data-ad-format=\"auto\"\r\n     data-full-width-responsive=\"true\"><\/ins>\r\n<script>\r\n     (adsbygoogle = window.adsbygoogle || []).push({});\r\n<\/script><\/div><p>Over the last 12 months, UltraTech has expanded its capacity by 18.7 mtpa, and the ongoing expansion of 35.5 mtpa is actively being implemented across 16 locations. In addition, the Company is in the process of closing the proposed acquisition of Kesoram Cement. This will further augment UltraTech\u2019s grey cement capacity to 198.2 mtpa.&nbsp;<\/p><p>UltraTech Cement is the largest cement manufacturer and the market leader in India with a market share of 25.9 percent. It is engaged in the manufacturing and sale of Cement and Cement-related products in India and overseas.&nbsp;<\/p><p>UltraTech Cement has a mix of integrated cement plants, grinding units, and bulk terminals across 59 locations in India along with 307 ready-mix concrete plants.&nbsp;<\/p><p>Its revenue from operations grew by 7.85 percent from Rs. 15,521 Crores in Q3FY23 to Rs. 16,740 Crores in Q3FY24, accompanied by profits of 1,063 Crores to Rs. 1,775 Crores.&nbsp;<\/p><blockquote class=\"wp-block-quote is-layout-flow wp-block-quote-is-layout-flow\"><p><strong>Written by: Bharath K.S\u00a0<\/strong><\/p><\/blockquote><h4 class=\"wp-block-heading\" id=\"h-disclaimer\">Disclaimer<\/h4><div class=\"wp-block-image\"><figure class=\"aligncenter size-medium is-resized\"><img decoding=\"async\" width=\"300\" height=\"300\" src=\"https:\/\/tradebrains.in\/features\/wp-content\/uploads\/2022\/02\/warning-disclaimer-300x300.png\" alt=\"\" class=\"wp-image-26306\" style=\"width:300px;height:auto\"\/><\/figure><\/div><p><strong>The views and investment tips expressed by investment experts\/broking houses\/rating agencies on tradebrains.in are their own, and not that of the website or its management. Investing in equities poses a risk of financial losses. Investors must therefore exercise due caution while investing or trading in stocks. Dailyraven Technologies or the author are not liable for any losses caused as a result of the decision based on this article. Please consult your investment advisor before investing.<\/strong><\/p><div class=\"trade-after-content\" id=\"trade-2458423941\"><div id=\"taboola-below-article-thumbnails\"><\/div>\r\n<script type=\"text\/javascript\">\r\n  window._taboola = window._taboola || [];\r\n  _taboola.push({\r\n    mode: 'alternating-thumbnails-a',\r\n    container: 'taboola-below-article-thumbnails',\r\n    placement: 'Below Article Thumbnails',\r\n    target_type: 'mix'\r\n  });\r\n<\/script>\r\n<script type=\"text\/javascript\">\r\n  window._taboola = window._taboola || [];\r\n  _taboola.push({flush: true});\r\n<\/script><\/div>","protected":false},"excerpt":{"rendered":"<p>The shares of India\u2019s largest cement manufacturer with a market share of over 23 percent jumped upto 2 percent in the day\u2019s trade following the commissioning of two greenfield projects and future investment plans of Rs. 32,400 Crores.&nbsp; With a market capitalization of Rs. 2,94,295 Crores, the shares of Ultratech Cement Limited were trading at [&hellip;]<\/p>\n","protected":false},"author":5,"featured_media":118823,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_et_pb_use_builder":"","_et_pb_old_content":"","_et_gb_content_width":"","footnotes":""},"categories":[31,1789],"tags":[948,936,17555,8585,17556],"class_list":["post-121699","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news","category-trending-news","tag-stock-market","tag-stock-market-news","tag-ultratech-cement-announcement","tag-ultratech-cement-latest-news","tag-ultratech-cement-stock"],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v20.5 (Yoast SEO v25.0) - 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