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Ultratech Cement News

28 Jul 2024

UltraTech Cement Acquires Majority Stake In India Cements At High Premium

UltraTech made a financial investment in India Cements to acquire 22.77 per cent equity at a price of Rs 268 per share in June this year.

Aditya Birla Group

21 Jan 2023

UltraTech Cement net profit falls 37.9% to Rs 1,062.6 crore in Q3

UltraTech Cement reported a 37.9 percent decline in its consolidated net profit. The firm loosed Rs 1062.58 crore for the 3rd quarter of FY2022-23. The company posted a net profit of Rs 1,710.14 crore in the October-December period a year ago.

Ultratech Cement

17 Jan 2022

UltraTech Cement shares jump nearly 3% after earnings announcement

On NSE, shares of the company gained 2.73 per cent to settle at Rs 7,870.10 apiece. The leading cement producer had posted a net profit of Rs 1,584.58 crore in the October-December quarter a year ago.

UltraTech to buy Binani Cement

19 Mar 2018

UltraTech offers to buy Binani Cement for Rs 7,266 crore

The move comes days after rival Dalmia Cement said its Rs 6,350 crore bid to buy Binani Cements Ltd has been accepted by the lenders.

Ultratech Cement

21 Jan 2017

UltraTech's Q3 net up by 4.76%

UltraTech Cement`s net profit in the third quarter of 2016-17 went up by 4.76 per cent, a regulatory filing by the company showed here on Saturday.

16 Oct 2016

'Quarterly earnings of UltraTech, HCL, Cairn India to dictate stock market trend this week'

Quarterly earnings from bluechips Reliance Industries and Wipro would largely influence market trend this week in the absence of any major domestic triggers, say experts.

Ultratech Cement

01 Mar 2016

UltraTech-JAL $2.5 bn cement plant deal likely by June 2017

UltraTech Cement's Rs 17,000 crore proposed acquisition of Jaiprakash Associates's cement plants is expected to be completed by June 2017, a top official from the Aditya Birla Group's flagship firm has said.

Ultratech Cement

28 Feb 2016

Birla's UltraTech buys JP's cement plants for Rs 17,000 crore

Aditya Birla Group firm UltraTech Sunday announced acquisition of debt-ridden JP Group's cement plants for nearly Rs 17,000 crore (about USD 2.5 billion), making it the biggest deal in the sector.

26 Feb 2016

Ultratech-JAL cement Rs 5,400-cr deal fails on lack of regulatory approval

The Rs 5,400-crore deal between India's largest cement maker Ultratech and Jaiprakash Associates (JAL) to acquire the latter's two cement plants has been called off on account of lack of regulatory approvals.

Ultratech Cement

20 Jan 2016

Ultratech Cement Q3 Net rises 37% to Rs 545.92 crore

Ultratech Cement Wednesday reported a 37 percent growth in its consolidated net profit to Rs 545.92 crore for the quarter ended December 2015 on lower operating costs and higher sales.

Lafarge-Holcim merger

03 May 2015

Lafarge-Holcim merger not a threat to UltraTech Cement: Birla

The dip in profit was on account of a penalty imposed by CCI on cartelisation charges.

Ultratech Cement

28 Apr 2015

CCI clears UltraTech's purchase of JAL's two cements plants

UltraTech's proposed buyout of two cements plants from Jaiprakash Associates Ltd (JAL) has got the approval of fair trade watchdog CCI, which said the deal is unlikely to have an adverse impact on competition.

Ultratech Cement

25 Apr 2015

Ultratech Cement Q4 net profit dips 24%

Ultratech Cement on Saturday reported a 24 percent dip in consolidated net profit at Rs 657.2 crore for the fourth quarter of 2014-15, mainly on account of a penalty imposed by CCI on cartelisation charges.

Ultratech Cement

26 Mar 2015

Ultratech Cement says HC has quashed cancellation of a mine

The court verdict will enable Gotan Limestone Khanij Udyogto, a wholly owned subsidiary of Ultratech Cement, take possession and operate the mines, Ultratech said.

Ultratech Cement

23 Jan 2015

UltraTech Q3 net marginally up to Rs 400 crore

UltraTech Cement Friday reported a marginal increase in consolidated net profit at Rs 399.98 crore for the quarter ended December 31, 2014, from Rs 395.11 crore in the same period last year.

Ultratech Cement

23 Dec 2014

Ultratech to buy Jaypee's 2 cement plants for Rs 5400 crore

In one of the biggest deals in the cement sector, Aditya Birla Group firm Ultratech will acquire two plants from Jaiprakash Associates (JAL) in Madhya Pradesh for an enterprise value of Rs 5,400 crore.

Ultratech Cement

06 Aug 2014

UltraTech Cement earmarks capex of Rs 7,000 cr for expansion

The company's installed capacity has been scaled up to nearly 62 million tonnes (MT) annually, inclusive of 3 MT overseas.

Ultratech Cement

19 Jul 2014

Ultratech Q1 Net dips 6% to Rs 628 cr on lower prices

Ultratech Cement today reported a little over six percent dip in its consolidated net profit for the first quarter of the current fiscal at Rs 628 crore on lower prices and higher variable costs.

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