UltraTech Cement commissions new plant in Madhya Pradesh; stock up 4%

The stock has moved higher by 4% to Rs 4,152 on the BSE.

Shares of UltraTech Cement have moved 4% higher to Rs 4,152 per share on the BSE, after the company announced commissioning of a greenfield clinker capacity of 2.5 million tonnes per annum capacity (mtpa) at Manawar, Dhar, Madhya Pradesh (MP).

UltraTech has commissioned a cement grinding facility with a capacity of 1.75 mtpa along with an auto loading facility. Another cement grinding facility with a capacity of 1.75 mtpa as well as a waste heat recovery system of 13 MW capacity is under construction and both are expected to be completed before September, 2018.

This new plant will