Ultra Tech Company

India Cements Ltd, now a subsidiary of UltraTech, has announced the appointment of new leadership for the company, following the exit of its former promoters including N Srinivasan as Managing Director & CEO from the South-based cement maker. The board of India Cements Ltd (ICL) has approved the appointment of Suresh Vasant Patil as CEO and Krishnagopal Ladsaria as CFO, the company said in a regulatory filing. Both the appointments are with effect from Wednesday, it added. Patil, who joined the Aditya Birla conglomerate as a Management Trainee in 1988, has over 35 years of work experience. Currently, he heads the Ready-Mix Concrete, and Building Product Division at UltraTech. While Ladsaria, in his immediate previous role, was the Chief Financial Officer at Century Enka, a listed Aditya Birla conglomerate Company. Last week, the flagship firm of Aditya Birla group announced the completion of the acquisition of the promoters' 32.72 per cent stake in ICL. Following this, UltraTech'

Leading cement maker UltraTech has completed the acquisition of promoters a 32.72 per cent stake in India Cements Ltd, following which N Srinivasan and other promoters of the South-based cement maker have stepped down. The Aditya Birla Group firm has completed the acquisition of 10.13 crore equity shares of India Cements Ltd (ICL), representing 32.72 per cent of the equity share capital of the company. "This, together with the existing shareholding of 7.05 crore equity shares (22.77 per cent) of the equity share capital of ICL, has resulted in the Company's shareholding increasing to 17.19 crore equity shares representing 55.49 per cent of ICL's equity share capital," UltraTech had informed in a late-night regulatory filing on Tuesday. Consequently, ICL "has become a subsidiary of the Company" with effect from December 24, 2024, it added. On Wednesday, ICL informed that pursuant to the completion of the transaction and due to the consequent cessation of control by the existing ...

The Adani group has plans in the works to raise its production capacity to 140 MTPA by FY28, just a shade below market leader UltraTech's current capacity of 156.66 MTPA of grey cement

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. The new technology, The Zero Carbon Lime (ZeroCAL), developed by ICM at the University of California, Los Angeles, can nearly reduce 98 per cent carbon dioxide emissions associated with limestone decomposition in cement manufacturing, the company said in a statement. ICM, in partnership with UltraTech, will build a first-of-a-kind demonstration plant for the technology at one of UltraTech's integrated cement manufacturing units, it added. "Partnerships like these, which place an emphasis on developing and deploying new and emerging technologies, will be a key enabler in our sector's efforts to accelerate decarbonisation and deliver carbon neutral concrete by 2050," UltraTech Managing Director K C Jhanwar added.

Cement players hiked prices in Sept'24, but had to roll back prices in the South. In the first week of Oct'24, price hikes have again been announced and it remains to be seen if these are sustained

Strengthening its market in Maharashtra, UltraTech Cement will secure a grinding unit with a capacity of 1.1 million tonnes per annum, including a captive railway siding, from India Cements

Revenue from operations climbed about 8% to Rs 16,740 crore for three months ended Dec. 31, beating analysts' average estimate of Rs 16,619 crore, as per LSEG data.

Country leading cement maker UltraTech Cement is targetting a production capacity of 200 million tonnes per annum (MTPA) as it looks to become one of the largest cement companies in the world, its Chairman Kumar Mangalam Birla said while addressing the AGM of the company. The company has already commenced work on the next growth phase of adding 22.6 MTPA additional capacity and after its completion, UltraTech will have over 160 MTPA cement production capacity. "Your Company is now targeting an ambitious goal of achieving a production capacity of 200 million tonnes. This will further reinforce our position as one of the largest cement companies in the world," said Birla while addressing shareholders on the 23rd AGM of UltraTech Cement. UltraTech had an installed capacity of 132.4 MTPA in FY22 and then added another 5.5 MTPA in FY23, elevating its total cement production capacity to 137.85 MTPA. The Aditya Birla group firm has doubled its grey cement production capacity from 66.3 MTP

Leading cement maker UltraTech's consolidated sales rose by 12.4 per cent to 105.7 million tonnes (MT) in FY2022-23, Aditya Birla group firm said in a regulatory filing on Saturday. The company produced 94 MT of cement in FY22. Its total sales volume in the domestic market also crossed 100 MT for the financial year that ended on March 31, 2023. UltraTech's total sales volume for the India market in FY23 was at 101.7 MT, up 13.63 per cent compared to 89.5 MT a year ago. "We are pleased to inform the company has achieved 100 million tonnes of production, despatches and sales in FY23," it said. Its grey cement production in the domestic market was at 100.1 MT in FY23, reporting 13.75 per cent growth while its white cement production was 1.5 MT, up 11 per cent. UltraTech's overseas production, mainly grey cement was 4.4 MT in FY23. For the fourth quarter that ended on March 31, 2023, UltraTech's total consolidated sales volume was at 31.7 MT and its India volume was at 30.5 MT. Ult

The Cement Manufacturers' Association (CMA) collects data related to production and sales numbers in the country

The Cement Manufacturers' Association (CMA) collects data related to production and sales numbers in the country

Shares of UltraTech Cement fell by over 1 per cent on Tuesday after the company reported a 36.1 per cent decline in its consolidated net profit for the fourth quarter ended March 2023. The stock ended 1.30 per cent lower at Rs 7,456.05 on the BSE. During the day, it went down by 1.55 per cent to Rs 7,436.75. At the NSE, it fell by 1.29 per cent to finish at Rs 7,458. The company's market valuation fell by Rs 2,845 crore to Rs 2,15,245.98 crore. Aditya Birla group firm UltraTech Cement on Friday reported a 36.1 per cent decline in its consolidated net profit to Rs 1,670.10 crore for the fourth quarter ended March 2023, mainly due to an increase in input cost. The company had posted a net profit of Rs 2,613.75 crore in the January-March period a year ago, UltraTech Cement said in a regulatory filing. However, its revenue from operations rose 17.72 per cent to Rs 18,562.38 crore during the quarter under review against Rs 15,767.28 crore in the year-ago period. UltraTech's total exp

Operating performance in Q4 was in line with estimates

Over half of the Nifty 500 stocks are trading below 200-DMA, this points to a weak strength. Market breadth needs to improve if further highs are to be set

Cement major on track to reach 131.25 mtpa by Q4

Adani stake is worth Rs 1.01 trillion as of Tuesday

Birla said the new round of expansion by UltraTech will take its capacity to 159.25 mtpa, reinforcing its position as the third-largest cement company in the world, outside of China

The stock gained 2.78 per cent to settle at Rs 7,867.90 on BSE

UltraTech Cement and Grasim Industries are only a few bucks short of their lifetime high of Rs 7,055 and Rs 1,547, respectively

The cement manufacturer said it achieved 60 per cent capacity utilisation in first 68 operating days since the national lockdown