+
Line 2 of Bara Grinding Unit of two mtpa capacity commissioned
Cement

Line 2 of Bara Grinding Unit of two mtpa capacity commissioned

UltraTech Cement told the media that the Line 2 of the Bara Grinding Unit in Uttar Pradesh, which has two million tonnes per annum (mtpa) capacity, has been commissioned.

The company further said that Line I of the Bara Grinding Unit was commissioned in January 2020 and already operating at a capacity utilisation of over 80%. The additional capacity will help the fast-growing cement demand in Central India.

During FY21-22, the company commissioned 3.2 mtpa of new cement capacity, increasing its total cement manufacturing capacity in India to 114.55 mtpa.

UltraTech Cement, being a part of the Aditya Birla Group, is the third-largest cement producer outside China and the largest producer in India by its installed capacity.

The net profit of the company increased by 0.3% to Rs 1,313.53 crore with a 15.7% increase in its net sales to Rs 12.016.78 crore in the second quarter (Q2) of FY22, compared to Q2 FY21.

The company's scrip increased by 0.58% to trade at Rs 7,647.30 on the Bombay Stock Exchange (BSE). It has traded between Rs 7,640.30 and Rs 7,727.40.

Image Source

UltraTech Cement told the media that the Line 2 of the Bara Grinding Unit in Uttar Pradesh, which has two million tonnes per annum (mtpa) capacity, has been commissioned. The company further said that Line I of the Bara Grinding Unit was commissioned in January 2020 and already operating at a capacity utilisation of over 80%. The additional capacity will help the fast-growing cement demand in Central India. During FY21-22, the company commissioned 3.2 mtpa of new cement capacity, increasing its total cement manufacturing capacity in India to 114.55 mtpa. UltraTech Cement, being a part of the Aditya Birla Group, is the third-largest cement producer outside China and the largest producer in India by its installed capacity. The net profit of the company increased by 0.3% to Rs 1,313.53 crore with a 15.7% increase in its net sales to Rs 12.016.78 crore in the second quarter (Q2) of FY22, compared to Q2 FY21. The company's scrip increased by 0.58% to trade at Rs 7,647.30 on the Bombay Stock Exchange (BSE). It has traded between Rs 7,640.30 and Rs 7,727.40. Image Source

Related Stories

Gold Stories

Next Story
Products

Interio by Godrej launches modular workplace solutions

Interio by Godrej has launched Workscapes, a modular workplace solutions category designed to help organisations configure and adapt workspaces to changing requirements. The portfolio combines mobile and compatible furniture and support elements that can be rearranged across different work modes without changes to fixed layouts.Workscapes includes Collaboration Tables, Privacy Solutions, Mobile Markerboards and Space Dividers, Power Solutions, Storage and Support Elements, Meeting and Presentation Tools, and Seating Elements. The range is designed for focused work, collaboration, informal disc..

Next Story
Infrastructure Urban

CAFE-III Gives Auto Industry Investment Clarity

The government’s new Corporate Average Fuel Economy (CAFE-III) norms have provided the automobile industry with a clearer framework for technology investments, according to industry representatives. The framework seeks to balance environmental objectives with flexibility for manufacturers while encouraging the adoption of flex-fuel vehicles and biofuels. Society of Indian Automobile Manufacturers (SIAM) President Shenu Agarwal said the five-year framework would give automakers greater predictability to plan investments and accelerate innovation. He said the regulation established annual targ..

Next Story
Infrastructure Energy

Mines Ministry to Auction Two Offshore Mineral Blocks in Andaman Sea

The Ministry of Mines will launch an auction of two offshore mineral blocks in the Andaman Sea on Thursday, seeking to unlock India’s offshore mineral potential and strengthen long-term mineral resource security. The blocks will be offered under a composite licence, which permits exploration and development activities in accordance with the applicable regulatory framework. The ministry said the auction was intended to encourage systematic exploration, attract investment and promote the use of advanced technologies for offshore mineral exploration and development. The initiative is also aimed..

Advertisement

Subscribe to Our Newsletter

Get daily newsletters around different themes from Construction world.

STAY CONNECTED

Advertisement

SPECIAL OFFER
QR Code