India's UltraTech Cement gains on capacity boost

Ultratech Cement

19/03/2025 07:38

** Shares of UltraTech Cement ULTC.NS rise 2% to 10,912 rupees

** India's top cement maker by capacity said it implemented efficiency enhancement and debottlenecking initiatives, increasing its production capacity by 1.2 million tonnes per annum (MTPA)

** Co's global cement capacity now stands at 184.26 MTPA, while domestic grey cement capacity has reached 178.86 MTPA

** 37 analysts covering the stock on avg have a "buy" rating; median PT is 12,700 rupees - LSEG data

** Stock up 6% so far this month

 (Reporting by Ashna Teresa Britto in Bengaluru)

 ((AshnaTeresa.Britto@thomsonreuters.com ; ( +91 8078332441))