UltraTech Cement commissions the Line 2 of Bara Grinding Unit in Uttar Pradesh

FASTEST GROWING CEMENT COMPANIES IN INDIA

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UltraTech Cement commissions cement grinding unit in Bihar

The largest cement manufacturer in India, UltraTech Cement, revealed on Wednesday that its grinding mill in Patliputra, Bihar, has begun operating with a 2.2 mtpa Brownfield expansion. The unit's grinding capacity has been increased to 4.7 mtpa as a result.

The company's total capacity to produce grey cement in India is currently 129.15 mtpa.

According to UltraTech Cement, a cement maker, this extra capacity will assist the business meet the rapidly expanding demand for cement in the East as well as help it boost its blended cement ratio.

Shree Cement witnesses high input cost at Rs 910 cr in Q4 FY22

Shree Cement Limited told the media that it had hit higher-than-expected input costs, with standalone Earnings Before Interest, Taxes, Depreciation, and Amortisation (EBITDA) at Rs 910.6 crore in the fourth quarter (Q4) of FY22, lower than the consensus estimate of Rs 1,010.7 crore.

Shree Cement incurs Rs 6.62 billion profit for Q4; beats expectations

Shree Cement, India's third-largest cement manufacturer by market capitalisation announced a fourth-quarter profit that exceeded, attributing it to increased volumes driven by lower cement prices. Typically, cement companies witness a surge in volumes in the March quarter as they reduce prices to clear year-end inventory backlogs.

Analysts had anticipated that reduced fuel costs would partially offset the decline in prices. Shree Cement's profit for the quarter ending March 31 reached Rs 6.62 billion, surpassing street forecasts of Rs 6.20 billion, as per LSEG data. This marked a si..

Jaishankar Highlights Mumbai-Ahmedabad Bullet Train Benefits

india's vision of a modern and interconnected transportation network. Foreign Minister S Jaishankar has emphasised the significant benefits of the Mumbai-Ahmedabad bullet train project, citing its potential to revolutionise transportation and boost economic growth. Speaking on the project, Jaishankar highlighted its role in enhancing connectivity, fostering economic development, and strengthening bilateral ties with Japan.

The Mumbai-Ahmedabad bullet train project, a flagship infrastructure initiative between India and Japan, aims to reduce travel time between the two cities from hour..