UltraTech Cement Limited, a flagship company of the Aditya Birla Group, has launched a pioneering project to transport mineral gypsum using National Waterway 1, which spans the Ganga-Bhagirathi-Hooghly river system. This initiative marks a significant milestone as the first large-scale use of this waterway by a cement company in India.
The mineral gypsum is being shipped from Haldia Port in West Bengal to the Gaighat terminal in Patna, Bihar. From there, it will be further transported to UltraTech’s grinding unit at Pataliputra Cement Works in Patna. This innovative approach is expected to improve supply chain efficiency and reduce logistical costs while promoting sustainable transport practices.
The pilot project was officially inaugurated on December 15 by Union Minister Sarbananda Sonowal at G.R. Jetty in Kolkata. It is being supported by the Inland Waterways Authority of India (IWAI) and Inland & Coastal Shipping Ltd, a subsidiary of the Shipping Corporation of India (SCI). This collaboration underscores the growing importance of inland waterways in strengthening India’s logistics infrastructure.
This initiative is a step forward in leveraging India’s vast river systems for eco-friendly and efficient cargo movement.
As of December 16, 2024, 2:50 PM, the shares of Ultratech Cements Ltd are trading at ₹11,935.00 per share with a decline of 1.22% from its previous day’s closing price. Over the last month, the stock has seen a surge of 12.30%. The stock has surged by 20% over the last year. The stock of Ultratech Cements Ltd. has a 52-week high and 52-week low of ₹12,145.35 and ₹9,250.00 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.
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