Ultratech Cement Records 6% Surge in Sales, Reaching 27.3 Million Tonnes in Q3 FY24
Cement

Ultratech Cement Records 6% Surge in Sales, Reaching 27.3 Million Tonnes in Q3 FY24

In a strong display of market resilience, Ultratech Cement, a key player in the industry, has announced a noteworthy 6 per cent increase in sales during the third quarter of fiscal year 2024. The company's sales volume has reached a substantial 27.3 million tonnes, reflecting positive trends in the cement sector and reinforcing Ultratech's position as a major contributor to the industry.

The surge in sales is indicative of the continued demand for cement, possibly driven by infrastructure projects, construction activities, and other developmental initiatives. Ultratech Cement's robust performance in Q3 FY23 underlines its ability to navigate market dynamics and capitalise on opportunities in the evolving business landscape.

As the construction and infrastructure sectors play pivotal roles in economic development, Ultratech Cement's sales data serves as a barometer for the broader industry's health. The positive momentum observed in Q3 FY23 contributes to the optimism surrounding the cement sector and its significance in fueling growth across various sectors.

Ultratech Cement's strong sales performance not only showcases the company's operational efficiency but also mirrors the resilience of the construction and infrastructure segments. The 6 per cent surge in sales attests to the continued demand for cement products and positions Ultratech as a key player in the ongoing development and construction landscape.

In a strong display of market resilience, Ultratech Cement, a key player in the industry, has announced a noteworthy 6 per cent increase in sales during the third quarter of fiscal year 2024. The company's sales volume has reached a substantial 27.3 million tonnes, reflecting positive trends in the cement sector and reinforcing Ultratech's position as a major contributor to the industry. The surge in sales is indicative of the continued demand for cement, possibly driven by infrastructure projects, construction activities, and other developmental initiatives. Ultratech Cement's robust performance in Q3 FY23 underlines its ability to navigate market dynamics and capitalise on opportunities in the evolving business landscape. As the construction and infrastructure sectors play pivotal roles in economic development, Ultratech Cement's sales data serves as a barometer for the broader industry's health. The positive momentum observed in Q3 FY23 contributes to the optimism surrounding the cement sector and its significance in fueling growth across various sectors. Ultratech Cement's strong sales performance not only showcases the company's operational efficiency but also mirrors the resilience of the construction and infrastructure segments. The 6 per cent surge in sales attests to the continued demand for cement products and positions Ultratech as a key player in the ongoing development and construction landscape.

Next Story
Real Estate

Marathon, Adani Launch Rs 34 Bn Commercial Project in Mumbai

Marathon Nextgen Realty, in a joint venture with Adani Realty, has announced Monte South Commercial, a major office and retail development in Byculla, Mumbai. With a built-up area of approximately 1.2 million sq ft and an estimated Gross Development Value (GDV) of Rs 34 billion, the project significantly strengthens Marathon’s commercial portfolio in South Mumbai.Monte South Commercial is part of the larger Monte South campus, which includes four residential towers totalling over 1.6 million sq ft of saleable area. Tower A is ready with its Occupation Certificate (OC), Tower B has topped out..

Next Story
Infrastructure Urban

PTC Industries and BDL Form JV for Missile and UAV Propulsion

PTC Industries, a leading manufacturer of high-performance materials and precision-engineered components for Defence and Aerospace, has signed a Memorandum of Understanding (MoU) with Bharat Dynamics (BDL) to establish a Joint Venture (JV) for the design, development, and manufacture of propulsion systems, aero-engines, guided bombs, and loitering munitions for missiles and UAVs, subject to regulatory approvals.The MoU was exchanged during the Lokarpan Ceremony of PTC’s Titanium & Superalloys Materials Plant at the Strategic Materials Technology Complex (SMTC), Lucknow, in the presence o..

Next Story
Infrastructure Urban

J&K Bank Reports H1 Net Profit of Rs 9.79 Bn, Q2 at Rs 4.94 Bn

J&K Bank announced a net profit of Rs 4.94 billion for the July–September quarter (Q2) of the current financial year (CFY), bringing its half-year (H1) net profit to Rs 9.78 billion, up from Rs 9.66 billion in H1 last fiscal. The results were approved by the Bank’s Board of Directors at a meeting held at its Corporate Headquarters.The Q2 performance was moderated by Rs 920 million provisioning towards its investment in Jammu and Kashmir Grameen Bank following the amalgamation of Ellaquai Dehati Bank under the “One State, One RRB” initiative. Total provisioning for H1 stands at Rs 1..

Advertisement

Subscribe to Our Newsletter

Get daily newsletters around different themes from Construction world.

STAY CONNECTED

Advertisement

Advertisement

Advertisement

Talk to us?