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Ultratech Cement

UltraTech Cement to expand its electric truck fleet to 100

UltraTech Cement to expand its electric truck fleet to 100

Mon, Nov 18, 2024

The company said it has signed a new transport service contract for the deployment of these trucks for the transportation of 75,000 MT (Metric Tonne) of clinker per month from its integrated cement manufacturing unit at Dhar in Madhya Pradesh, to its grinding unit at Dhule in Maharashtra.

Lower sales realisation hit margins of cement makers in Q2

Lower sales realisation hit margins of cement makers in Q2

Sun, Nov 03, 2024

Major cement manufacturers reported a decline in margins in the September quarter, mainly on account of lower prices, leading to lower sales realisation.

Brokerages divided on cement stocks amid weak demand environment

Brokerages divided on cement stocks amid weak demand environment

Mon, Sep 02, 2024

As cement sector continues to see consolidation and price drops amid increasing competition intensity, brokerage firm Citi has maintained its bullish on Aditya Birla cement company. Nonetheless, Macquarie is mixed on the pack.

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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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