UltraTech expands cement production capacity in Odisha

Ultratech cement, a major cement producer, stated that its 1.5 MTPA brownfield cement grinding plant in Jharsuguda, Odisha, has been commissioned.

According to the company, this is part of the ongoing capacity expansion. The annual cement production capacity of the Odisha company has been expanded to 4.1 million tons (mtpa).

With this, the company's total capacity for cement production in India is currently 122.85 mtpa.

UltraTech Cement manufactures and distributes cement and cement-related products.

Despite a 19.5% increase in net sales to Rs 15,520.93 crore in Q3 FY23 compared to Q3 FY22, the company's consolidated net profit decreased 38% to Rs 1,058.20 crore.

On BSE, the stock rose by 0.38% to Rs 7,151.95.

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