UltraTech Cement Aims to Become World’s Largest Cement Maker: Shares Surge

In an effort to rank among the top cement manufacturers in the world, UltraTech Cement is aiming for a production capacity of 200 million tons per annum (MTPA). With the addition of 22.6 MTPA capacity, the company has already started working on the subsequent expansion phase. When it is finished, UltraTech will have a capacity of more than 160 MTPA for producing cement. 

As of FY23, UltraTech’s total capacity for producing cement was 137.85 MTPA, up from FY22’s installed capacity of 132.4 MTPA and the 5.5 MTPA it added the previous year. UltraTech Cement is the largest manufacturer of grey cement, Ready Mix Concrete (RMC), and white cement in India, producing grey cement, ready mix concrete (RMC), and white cement. With over 100 million tons capacity in one country, it also offers specialty concretes under the Birla White brand. The company’s Building Products business offers innovative products for new-age construction.  

UltraTech pioneered the UltraTech Building Solutions (UBS) concept, providing a one-stop-shop solution for individual home builders. This pan-India multi-category retail chain aims to engage with home builders at all stages of the construction cycle, empower them with quality products and services, and assist them in completing their dream homes. 

Shares of Ultratech Cement are currently trading at Rs 8245.85, up by 196.90 points or 2.45% from its previous closing of Rs 8048.95 on the BSE. The scrip opened at Rs 8028.35 and has touched a high and low of Rs 8264.95 and Rs 7940.55 respectively. So far 4001 shares were traded on the counter. 

The BSE group ‘A’ stock of face value of Rs 10 has touched a 52-week high of Rs 8501.00 and a 52-week low of Rs 6005.00. Last one week high and low of the scrip stood at Rs 8264.95 and Rs 7940.55 respectively. The current market cap of the company is Rs 2,37,844.35 crore. The promoters holding in the company stood at 59.96%, while Institutions and Non-Institutions held 31.81% and 7.70% respectively. 

Disclaimer: This blog has been written exclusively for educational purposes. The securities mentioned are only examples and not recommendations. It is based on several secondary sources on the internet, and is subject to changes. Please consult an expert before making related decisions.