Monthly Call
Ultra Tech Cement is a subsidiary of Grasim Industries, the flagship of the Aditya Birla Group. Its basket of products includes ordinary Portland cement, Portland blast furnace slag cement, Portland Pozzolana cement and Grey Portland cement. The company reported a 16% growth in revenue to Rs 1365.27 crore for the June 2007 quarter. While domestic sales volumes registered a 5% growth to 3.67 million tonnes, exports were curtailed to cater to the growing domestic demand. OPM has increased marginally by 10 basis points to 31.8%. Due to surge in other income and decline in interest expenses, net profits were up 23% to Rs 259.38 crore. The capacity expansion at the plant in Andhra Pradesh together with setting up a split grinding unit and captive power plant is progressing on schedule. Considering the growing demand in the southern markets and the availability of slag, the company has decided to augment its capacity to 4.9 million tonnes per annum instead of 4 million tonnes per annum as had been decided earlier. The split grinding unit is being set up at Ginigera in Karnataka. The company has earmarked an Rs 3,300 capex for next three years for its expansion projects and de-bottlenecking.
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