UltraTech Cement Ltd commences operations of bulk terminal at Kalamboli, Navi Mumbai

UltraTech Cement Limited has commenced operations from its bulk terminal at Kalamboli, Navi Mumbai. This is the 7th bulk terminal of the Company. The earlier 6 are located at Cochin in Kerala; Mangalore and Doddaballapur in Karnataka; Uran and Pune in Maharashtra and Shankarpalli in Telangana.

With a capacity to handle ~ 1.2 mtpa cement and considering the large infrastructure development projects in and around Mumbai, the bulk terminal will strengthen the Company further to increase its sales of bulk cement.

Cement will be brought in bulk rakes to this terminal from the manufacturing units located at Solapur in Maharashtra and Malkhed in Karnataka. This will effectively help in reducing the freight cost, with increase in the usage of rail transportation. This is one more step of the Company in reducing carbon emissions and driving sustainable growth.

Shares of UltraTech Cement Limited was last trading in BSE at Rs. 7335.75 as compared to the previous close of Rs. 7411.40. The total number of shares traded during the day was 2961 in over 898 trades.

The stock hit an intraday high of Rs. 7400.05 and intraday low of 7304.95. The net turnover during the day was Rs. 21780150.00.

Source : Equity Bulls

Keywords

UltraTechCement INE481G01011 ULTRACEMCO BulkTerminal Kalamboli NaviMumbai