Ultra Tech Company

Over half of the Nifty 500 stocks are trading below 200-DMA, this points to a weak strength. Market breadth needs to improve if further highs are to be set

Leading cement maker UltraTech's consolidated sales rose by 12.4 per cent to 105.7 million tonnes (MT) in FY2022-23, Aditya Birla group firm said in a regulatory filing on Saturday. The company produced 94 MT of cement in FY22. Its total sales volume in the domestic market also crossed 100 MT for the financial year that ended on March 31, 2023. UltraTech's total sales volume for the India market in FY23 was at 101.7 MT, up 13.63 per cent compared to 89.5 MT a year ago. "We are pleased to inform the company has achieved 100 million tonnes of production, despatches and sales in FY23," it said. Its grey cement production in the domestic market was at 100.1 MT in FY23, reporting 13.75 per cent growth while its white cement production was 1.5 MT, up 11 per cent. UltraTech's overseas production, mainly grey cement was 4.4 MT in FY23. For the fourth quarter that ended on March 31, 2023, UltraTech's total consolidated sales volume was at 31.7 MT and its India volume was at 30.5 MT. Ult

Cement major on track to reach 131.25 mtpa by Q4

Adani stake is worth Rs 1.01 trillion as of Tuesday

Birla said the new round of expansion by UltraTech will take its capacity to 159.25 mtpa, reinforcing its position as the third-largest cement company in the world, outside of China

The stock gained 2.78 per cent to settle at Rs 7,867.90 on BSE

UltraTech Cement and Grasim Industries are only a few bucks short of their lifetime high of Rs 7,055 and Rs 1,547, respectively

The cement manufacturer said it achieved 60 per cent capacity utilisation in first 68 operating days since the national lockdown

Technical calls by Gaurav Garg, Head of Research, CapitalVia Global Research Limited- Investment Advisor

The company will have to get 'consent to establish and operate' from the Andhra Pradesh Pollution Control Board