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Ultratech Cement

UltraTech Cement Q3 results: Net profit grows 67% to Rs 1,774.7 crore

UltraTech Cement Q3 results: Net profit grows 67% to Rs 1,774.7 crore

Fri, Jan 19, 2024

Its revenue from operations rose 7.85 per cent to Rs 16,739.97 crore during the period. It was Rs 15,520.93 crore in the corresponding period a year ago.

Ultratech Cement: Growing Home and Overseas Sales in Grey Cement

Ultratech Cement: Growing Home and Overseas Sales in Grey Cement

Tue, Jan 02, 2024

Ultratech Cement: Q3 Business Update, Quarterly and YoY growth in Conso and Domestic sales volumes, Both Domestic and Overseas sales volumes increased in Gray Cement, QoQ and YoY growth in White Cement also

UltraTech Cement Soars to All-Time High Amidst Kesoram Acquisition News

UltraTech Cement Soars to All-Time High Amidst Kesoram Acquisition News

Fri, Dec 01, 2023

UltraTech Cement has scaled new heights, reaching an all-time high following its planned acquisition of Kesoram Industries' cement assets. This strategic move is expected to strengthen UltraTech's presence in the South and Western regions of India, propelling its growth trajectory. Join us as we delve into the details of this acquisition, analyze its implications for UltraTech, and explore the broader consolidation trends shaping the Indian cement industry.

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NCLAT approves UltraTech's Rs 7,900 cr bid for Binani Cement

NCLAT approves UltraTech's Rs 7,900 cr bid for Binani Cement

Wed, Nov 14, 2018

Aditya Birla Group firm UltraTech Cement Wednesday won a bid to acquire debt-ridden Binani Cement after the National Company Law Appellate Tribunal (NCLAT) approved its revised Rs 7,950.34 crore bid over an offer by rival Dalmia Bharat Group.

UltraTech Q2 profit down 11.3% to Rs 375.74 cr

UltraTech Q2 profit down 11.3% to Rs 375.74 cr

Fri, Oct 19, 2018

Aditya Birla Group firm UltraTech Cement Friday reported a 11.33 per cent decline in consolidated net profit to Rs 375.74 crore for the July-September quarter on account of increased energy and logistics costs.

Century Textiles share price dips 12 pct to hit 52-week low; here's why

Century Textiles share price dips 12 pct to hit 52-week low; here's why

Mon, May 21, 2018

Century Textiles stock dropped as much as 12.32 per cent to Rs 935. It settled at Rs 1004.05, down 6 per cent. UltraTech share price rose as much as 4.2 pct to Rs 4,019. It ended at Rs 3851.65 on the BSE.

Binani Cement sale: Miffed Dalmia Bharat gets snubbed by Supreme Court too

Binani Cement sale: Miffed Dalmia Bharat gets snubbed by Supreme Court too

Thu, May 10, 2018

Experts believe the new law, the Insolvency and Bankruptcy Code is still work in progress, amendments have been brought and more are being planned. For banks, who are hoping for a timebound resolution so that the monster of bad loans dies fast, it seems that this is more of a mirage and not the elusive oasis in the dessert.

Bhushan Steel sale: Liberty House back in race; UltraTech hopes up too in Binani Cement case

Bhushan Steel sale: Liberty House back in race; UltraTech hopes up too in Binani Cement case

Tue, Apr 24, 2018

Liberty House Group Pte had earlier filed an application with the NCLT with a prayer to declare illegal, a decision of the CoC of Bhushan Power and Steel which had refused to entertain an application for resolution plan submitted by Liberty in February.

Aditya Birla Group's UltraTech Cement likely to get support from Binani creditors

Aditya Birla Group's UltraTech Cement likely to get support from Binani creditors

Tue, Mar 20, 2018

UltraTech had said that Binani Industries Ltd (BIL) - the promoter firm of BCL - had approached it for arranging funds to pay off the lenders. "As a creditor, we support the UltraTech offer as it offers a better deal for us," an official from a lead creditor told PTI

Government mulls action against cement companies for cartelisation: Report

Government mulls action against cement companies for cartelisation: Report

Fri, Mar 09, 2018

The Competition Commission of India had imposed a fine on 10 cement companies and a trade body for price fixing in 2016. ACC Ltd, Ambuja Cements Ltd, Ultratech Cement Ltd and Jaiprakash Associates Ltd were among those which were fined.

Ultratech Cement third-quarter profit falls 23% on raw material price rise

Ultratech Cement third-quarter profit falls 23% on raw material price rise

Thu, Jan 18, 2018

Quarterly performance was also hurt by the ban of pet coke usage in some states, the company said.

Jaiprakash Associates completes sale of cement unit to Ultratech; shares up 14%

Jaiprakash Associates completes sale of cement unit to Ultratech; shares up 14%

Thu, Jun 29, 2017

Jaiprakash Associates has completed the sale of part of its cement business to Ultratech Cement at an enterprise value of Rs 16,189 crore.

Note ban punches holes in Q3 results; Cos hopeful of 'gains'

Note ban punches holes in Q3 results; Cos hopeful of 'gains'

Sun, Feb 19, 2017

An analysis of the latest-quarter results of listed firms shows that the government's ambitious exercise of withdrawing old Rs 500/1,000 notes led to adverse impact on businesses across the sectors, though not many have publicly criticised the move and the likes of Rajiv Bajaj are only an exception.

CCI's penalty on cement companies to impact their profits

CCI's penalty on cement companies to impact their profits

Fri, Jan 20, 2017

India Ratings on Friday said, “CCI's penalty on seven major cement companies will shave off under 2% of the players operating profits ahead.”

ACC, Ambuja, Shree Cement to file case against CCI's order

ACC, Ambuja, Shree Cement to file case against CCI's order

Fri, Jan 20, 2017

On January 19, 2017, CCI penalised seven cement companies including the above mentioned for bid rigging of a tender floated by the Director, Supplies & Disposal, Haryana in the year 2012.

Ultratech Cement net profit rises by 25% to Rs 614.30 crore

Ultratech Cement net profit rises by 25% to Rs 614.30 crore

Mon, Oct 17, 2016

Ultratech Cement reported consolidated net profit of Rs 614.30 crore for second quarter September 30, 2016 (Q2FY17), a rise of 25.26% year-on-year (yoy) but a decline of 21.25% quarter-on-quarter (qoq).

Ultratech Cement's Q1 net profit up 29% to Rs. 780 crore

Ultratech Cement's Q1 net profit up 29% to Rs. 780 crore

Tue, Jul 19, 2016

This quarter for the company witnessed improvement in operating cost on the back of operational efficiencies and a judicious power and fuel mix.

Jaiprakash Associates shares surge 34% post Rs 16,000 crore deal with UltraTech

Jaiprakash Associates shares surge 34% post Rs 16,000 crore deal with UltraTech

Tue, Jul 05, 2016

UltraTech cement agreed to buy Jaiprakash Associates' cement plants at an enterprise value of Rs 16,189 crore.

UltraTech agrees to buy JP Associates' cement plants for nearly Rs 16,000 crore

UltraTech agrees to buy JP Associates' cement plants for nearly Rs 16,000 crore

Mon, Jul 04, 2016

UltraTech Cement, an Aditya Birla Group company, has agreed to acquire Jaiprakash Associates' cement plants of 21.2 million tonnes per annum (MTPA) capacity at an enterprise value of Rs 16,189 crore.

Ultratech Cement's Q4 net rises 10% to Rs 723 crore

Ultratech Cement's Q4 net rises 10% to Rs 723 crore

Tue, Apr 26, 2016

The flagship firm of the Aditya Birla Group had clocked a net profit of Rs 657.20 crore in the year-ago period.

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