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UltraTech

UltraTech collaborates with UCLA to reduce carbon dioxide emissions from cement production

UltraTech collaborates with UCLA to reduce carbon dioxide emissions from cement production

Thu, Oct 24, 2024

Cement and ready-mix concrete (RMC) company UltraTech Cement on Thursday said it has signed a collaboration agreement with the Institute for Carbon Management (ICM) for a new technology to reduce carbon dioxide emissions from cement production.

Supreme Court ruling on royalties, taxes to affect mining firms' profitability: Moody's

Supreme Court ruling on royalties, taxes to affect mining firms' profitability: Moody's

Tue, Aug 20, 2024

The Supreme Court in its order on August 14 allowed mineral rich states to seek dues from April 1, 2005 on royalty and tax on mineral rights and mineral-bearing land from the Centre in a staggered period of 12 years.

Cement makers log single-digit volume growth, muted revenue growth in Q1

Cement makers log single-digit volume growth, muted revenue growth in Q1

Sun, Aug 11, 2024

Soft cement prices have put their topline under pressure in the April-June period. Besides, raw material costs went up marginally due to an increase in the cost of fly ash and slag.

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After Ultratech, Binani Industries snubbed by SC, Binani Cement lenders make this big demand

After Ultratech, Binani Industries snubbed by SC, Binani Cement lenders make this big demand

Mon, Apr 16, 2018

The planned move comes after the Supreme Court last week rejected the demand for an out-of-court settlement between the promoter Binani Industries and UltraTech, the cement arm of Aditya Birla group. As per the plans, the operational creditors would now press for charges, including misrepresentation by the resolution professional, discrimination against different classes of operational creditors, non-verification of their claims and also question the constitutional validity of the Insolvency and Bankruptcy Code (IBC)

KM BIRLA: Act in haste, repent at leisure

KM BIRLA: Act in haste, repent at leisure

Fri, Apr 13, 2018

No doubt, Binani’s Cement plant in Rajasthan would help Ultratech consolidate and grow its capacity. Ultratech also has the financial heft to follow an inorganic growth path as testified by the acquisition of JP Associates’ cement assets. But it did bid for Binani Cement, and lost out to competitor Dalmia Bharat which made on offer of Rs 6350cr plus 20% equity for creditors.

Binani Cement-UltraTech deal gets big boost from small investors

Binani Cement-UltraTech deal gets big boost from small investors

Wed, Apr 11, 2018

Braj Binani group flagship company Binani Cement had on Monday knocked at the door of the Supreme Court, bypassing the National Company Law Tribunal to prevent the sale of the cement company to Dalmia Bharat as it prefers an out-of-court deal with UltraTech.

April 13 a crucial day for Binani Cement lenders

April 13 a crucial day for Binani Cement lenders

Tue, Apr 10, 2018

"April 13 will be a crucial day for us," a Binani Cement lender, who did not wish to be quoted, said. Binani Industries will be seeking redemption of the pledge of assets in the debt-ridden Binani Cement, a move supported by its lenders. A Binani spokesperson had said that they have lenders' support on the move.

Dalmia Cement hits out at UltraTech over 'misleading' claims on Binani bid

Dalmia Cement hits out at UltraTech over 'misleading' claims on Binani bid

Thu, Mar 29, 2018

Earlier this month, Dalmia Cement had said its Rs 6,350 crore bid to buy Binani Cements Ltd (BCL) was accepted by the lenders. It had also offered 20 per cent equity in Binani to the lenders.

CCI clears UltraTech's acquisition of Binani Cement

CCI clears UltraTech's acquisition of Binani Cement

Wed, Mar 28, 2018

The Competition Commission of India (CCI) in a tweet today said it has not found any "appreciable adverse effect on competition (AAEC) in respect of UltraTech Cement's proposed acquisition of 100 per cent shares of Binani Cement." Binani Industries Ltd (BIL) -- the promoter firm of BCL -- had approached UltraTech for arranging funds to pay off the lenders.

Dalmia Bharat, UltraTech remain keen in Binani despite 'fraud'

Dalmia Bharat, UltraTech remain keen in Binani despite 'fraud'

Thu, Mar 22, 2018

Dalmia Bharat Group CEO Mahendra Singhi said the company too had found some suspicious transactions during their internal evaluation but declined to quantify the amount.

CCI slaps Rs 6,700 crore fine on 10 cement firms, including ACC, Binani, for cartelisation

CCI slaps Rs 6,700 crore fine on 10 cement firms, including ACC, Binani, for cartelisation

Wed, Aug 31, 2016

Competition Commission of India (CCI) on Wednesday imposed more than Rs 6,700 crore penalty on 10 cement companies, including ACC, Binani, Century, UltraTech, for cartelisation.

WATCH: Top headlines this morning

WATCH: Top headlines this morning

Tue, Jul 05, 2016

Zee Business brings you the most important stories of the day that will help you shape your market strategies and keep you informed with the latest developments. Top headlines this morning: 1. Amid weak global cues, SGX Nifty slips

Value of M&As involving Indian companies jumps 63% to $7.8 billion in Q1

Value of M&As involving Indian companies jumps 63% to $7.8 billion in Q1

Wed, May 04, 2016

Out of the total transactions announced in the three months ended March this year, 67% were domestic ones.

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