UltraTech Cement rose 1.03% to Rs 3,722 at 9:55 IST on BSE after the company said that it won two coal linkages from Dipka Mines in Chhattisgarh after participating in the auction of coal linkages.
The announcement was made after market hours yesterday, 28 July 2016.On BSE, so far 1,972 shares were traded in the counter as against average daily volume of 21,643 shares in the past one quarter. The stock hit high of Rs 3,722.25 and a low of Rs 3,679 so far during the day. The stock had hit a record high of Rs 3,723.90 yesterday, 28 July 2016. The stock had hit a 52-week low of Rs 2,581.15 on 18 January 2016. The stock had outperformed the market over the past one month till 28 July 2016, rising 8.35% compared with 6.35% rise in the Sensex. The scrip had also outperformed the market in past one quarter, advancing 16.44% as against Sensex's 10.18% rise.
The large-cap company has equity capital of Rs 274.44 crore. Face value per share is Rs 10.
UltraTech Cement said that it won two coal linkages of 27,600 tons and 19,700 tons from Dipka Mines (SCDG) in Chhattisgarh after participating in the auction of coal linkages for captive power plant sub-sector. The company said that both the coal linkages were won at a premium of Rs 150 over notified price of Rs 970 per ton. A formal communication vesting the linkages in the company's favour is expected in due course. The company said it intends to participate in the future linkage auctions for its plants located strategically near the coal mines.
UltraTech Cement's consolidated net profit rose 29.2% to Rs 780.11 crore on 4.1% growth in net sales to Rs 6537.83 crore in Q1 June 2016 over Q1 June 2015.
UltraTech Cement is a leading cement manufacturer in India. It is a part of the Aditya Birla Group.
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