UltraTech Cement shares zoom over 6% on investment plan

December 04, 2020 11:20

Shares of UltraTech Cement on Friday jumped over 6 per cent after the firm announced an investment plan worth Rs 5,477 crore. The stock zoomed 6.21 per cent to a one-year high of Rs 5,196.30 on the BSE. At the NSE, it gained 6.24 per cent to Rs 5,199.

The country's largest cement maker on Thursday announced a Rs 5,477-crore investment to add 12.8 million tonnes (MT) capacity, taking its overall output to over 136 MT per annum.

In a statement, the company said its board in a meeting approved capacity expansion to the tune of 12.8 MT per annum with a mix of brown-field and green-field expansion. -- PTI

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