News

UltraTech to retain edge over competition amid cost efficiency, capacity addition

UltraTech to retain edge over competition amid cost efficiency, capacity addition
Reuters

Synopsis

During an earnings call after the quarterly result announcement, the company's management stated that it would reduce the cost of production per tonne by Rs200-300 in the next three years by focussing on a series of initiatives such as increasing investments in green power, reducing lead distance by improving distribution channel, and improving clinker-cement conversion.

By , ET Bureau
3 mins read, Last Updated:
ET Intelligence Group: Ultratech Cement reported better-than-expected performance for the March 2024 quarter notwithstanding the demand weakness and sluggish cement prices during the period. The country’s largest cement manufacturer has chalked out plans to add capacity while retaining its edge as a low-cost producer by improving process efficiency. That places the company in a sweet spot amid expectations of a demand revival in the second half
( Originally published on Apr 30, 2024 )

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