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Ultratech Cement share rises 2% on  India Cements deal

The shares of Ultratech Cement increased by 2% after the news of the company's purchase of India Cements’ grinding unit.

The company’s board approved the purchase which will help it build its presence in Maharashtra.

The grinding unit has a 1.1 MTPA installed capacity and a railway siding at Parli in Maharashtra. The entire purchase is worth Rs. 315 cr. 

This expansion will take place by FY26 and will help Ultratech Cement to increase its total capacity.

Shares of Ultratech Cement were trading in a range of Rs. Rs. 9456.10 to Rs. 9576.55 from the previous closing of Rs. 9363.95.

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