UltraTech Cement is in the process of setting up a cement plant on 90 acres of land in Dankuni, Hooghly district, West Bengal.
The plant is located close to National Highway 2, a kilometre away from Dankuni Toll plaza. The plant is strategically located 40 kilometre from Kolkata and 15 kilometres from Singur.
The plant received environmental clearance and according to company officials, the plant is expected to commence production by July 2016.
The land for the plant was acquired by UltraTech under Mamta Banerjee’s governments ‘alternative land policy’ where industries can either procure land on their own or opt for the parcels in the state’s land bank.
UltraTech Cement paid landowners between Rs 1.5 lakh and Rs. 9 lakh for every kottah.
Stock performance
UltraTech Cement Ltd is currently trading at Rs. 2801.4, down by Rs. 23 or 0.81% from its previous closing of Rs. 2824.4 on the BSE.
UltraTech Cement Ltd is currently trading at Rs. 2801.4, down by Rs. 23 or 0.81% from its previous closing of Rs. 2824.4 on the BSE.
The scrip opened at Rs. 2810 and has touched a high and low of Rs. 2819.9 and Rs. 2783.55 respectively. So far 67249(NSE+BSE) shares were traded on the counter. The current market cap of the company is Rs. 77506.65 crore.
The BSE group 'A' stock of face value Rs. 10 has touched a 52 week high of Rs. 3399 on 04-Mar-2015 and a 52 week low of Rs. 2418.3 on 18-Dec-2014. Last one week high and low of the scrip stood at Rs. 2898.45 and Rs. 2783.6 respectively.
The promoters holding in the company stood at 61.69 % while Institutions and Non-Institutions held 25.53 % and 11.04 % respectively.
The stock is currently trading above its 200 DMA.
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