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.
UltraTech Cement share price NSE: UltraTech Cement shares clocked a fresh all-time high, continuing to rise for a second straight day, after the board of the Aditya Birla group company approved the acquisition of the cement business of Kesoram Industries in an all-stock deal valued at Rs 5,379 crore.
Wed, Nov 29, 2023
Aditya Birla group firm UltraTech Cement Ltd on Wednesday said it has acquired the cement grinding assets of Burnpur Cement Ltd in Jharkhand for Rs 169.79 crore.
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.
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.
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.
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
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.
Thu, Jan 18, 2018
Quarterly performance was also hurt by the ban of pet coke usage in some states, the company said.
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.
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.
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.”
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.
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).
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.
Tue, Jul 05, 2016
UltraTech cement agreed to buy Jaiprakash Associates' cement plants at an enterprise value of Rs 16,189 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.
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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