UltraTech Cement Limited has announced the commissioning of additional cement capacity totalling 1.4 Mn T per annum (MTPA) through upgrades at its grinding units in Nagpur, Maharashtra, and Panipat and Jhajjar in Haryana.

The company added 0.6 MTPA in Nagpur and 0.4 MTPA each in Panipat and Jhajjar, as part of debottlenecking initiatives. These efforts are aimed at improving operational efficiency and increasing output to meet rising demand.

With this expansion, UltraTech’s total grey cement manufacturing capacity in India has reached 184.76 MTPA. Including international operations, which contribute 5.4 MTPA, the company’s global cement capacity now stands at 190.16 MTPA.

This increase is part of a wider strategy to strengthen its market presence both in India and globally. In line with its growth trajectory, UltraTech Cement recently announced its highest-ever dividend of Rs 77.5 per share, leading to a total payout of Rs 22.84 Bn. The company has yet to declare the record date for the distribution.

In its latest quarterly report, UltraTech acknowledged potential short-term sector challenges but confirmed that key financial metrics were largely in line with expectations.

Source:CNBCTV18.com