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Ultratech Cement News
Monsoon, Budget to play key role for Indian markets this week — These stocks can be your best bet
Mon, Jul 01, 2019
Experts have said that a delayed monsoon and lower-than-normal rains have put pressure on Indian markets. However, tables have turned and this week seems to be a very important time for investors.
Cement Market Outlook: A strong quarter in the offing may fuel these cement stocks, Emkay Global reports
Mon, Jun 24, 2019
A robust quarterly performance of the cement market would definitely have its positive impact on the cement counters like ACC, Ambuja Cement, Ultratech Cement, Ramco Cement, Shree Cement etc.
Which cement stock you should buy? Pricing to GST rate cuts - Here's what CLSA says
Wed, May 29, 2019
Rating agency CLSA on Wednesday, stated that, cement stocks are up 10-30%YTD (vs +10% for Nifty) led by cement pricing rebound.
Cement demand likely to grow 8% in FY20: Report
Wed, May 01, 2019
The domestic cement demand is likely to grow by eight percent this fiscal which may push the capacity utilisation to 71 percent from 65 percent in FY18, the report said Wednesday.
UltraTech Cement Q4 net profit at Rs 1,014 crore
Wed, Apr 24, 2019
UltraTech informed that its result for the quarter and the financial year ended March 31, "are not comparable with the previous period" due to merger of Binani Cements into the company.
Turn your Rs 1000 into Rs 1,190; get this whopping profit in just 90 days, expert says
Fri, Jan 25, 2019
Buoyed by robust demand from infrastructure and affordable housing segments coupled with ramp up in acquired and newly commissioned assets, equity experts are bullish on UltraTech Cement stock.
Experts pick - Top stocks for 2019: Invest in these 5 shares and earn big!
Wed, Jan 02, 2019
Last year, the markets saw changing trends amid rising crude oil prices, depreciating global currencies, increasing trade protectionism, geopolitical issues, outflow by FIIs, macroeconomic data and corporate events.
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
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
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
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
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
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
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
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%
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'
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
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
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
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).