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UltraTech Cement gains on board nod for expansion, increase in FII limit

The stock was trading 2% higher at Rs 4,236 on the BSE after the company said its board approved the setting up of a 3.5 mtpa integrated cement plant at Pali, Rajasthan

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Workers walk in front of an UltraTech concrete mixture truck at the construction site of a commercial complex on the outskirts of Ahmedabad

SI Reporter Mumbai

Last Updated : Dec 11 2017 | 10:35 AM IST

UltraTech Cement was trading 2% higher at Rs 4,236 on the BSE after the company said its board approved the setting up of a 3.5 mtpa integrated cement plant at Pali, Rajasthan.

The commercial production from the plant is expected to commence by June 2020, UltraTech Cement said in a press release.

The plant is being set up in one of the fastest- growing markets in the country and the highest cement-consuming State in the North zone. The plant will cater to the Western Rajasthan market, where the firm does not have a significant presence, it added.

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