The commissioning of the 1.2 million tonnes per annum (mtpa) brownfield cement facility at Magdalla, Gujarat, was announced on Wednesday by UltraTech Cement Ltd., the largest cement manufacturer in India.

The unit's overall capacity is now 1.93 mtpa thanks to the latest extension. Additionally, UltraTech Cement informed the stock markets that its current total capacity for producing grey cement in India is 132.45 mtpa.

Last month, UltraTech Cement reported strong growth in revenue and profit for the quarter ended June 2023, beating analyst estimates.

The company reported a net profit of Rs 1,690 crore for the quarter, 7 percent higher than the Rs 1,582 crore in the same quarter last year.

Revenue also jumped 17 percent in the quarter under review to Rs 17,737.10 crore as against Rs 15,163.98 crore reported in Q1 FY23.