UltraTech Cement, an Aditya Birla Group company, reported 63 per cent increase in consolidated net profit at ₹579 crore in the September quarter against ₹356 crore posted in same period last year on the back of lower cost and higher realisation. Net sales were up 4 per cent at ₹9,491 crore (₹9,088 crore).
The company’s board plans to invest ₹940 crore to increase the grinding capacities at its plants in Bihar and West Bengal by six lakh tonnes per annum each and set up a new grinding unit of 2.2 million tonnes per annum in Odisha. These projects are expected to be completed between January and March, 2021.
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October 22, 2019