UltraTech Cement Ltd News

Cement shares in action: Heidelberg, UltraTech, Shree, Nuvoco zoom up to 4%

The renewed investor interest in the cement shares came on the back of reports that cement dealers have initiated price hikes since the start of December

UltraTech receives CCI notice over proposed acquisition of India Cements

Leading cement maker UltraTech Cement has received a notice from the fair trade regulator CCI over its proposed acquisition of the South-based India Cements Ltd. UltraTech Cement, in a regulatory filing, said it has received notice from the Competition Commission of India (CCI), and the Aditya Birla group flagship firm is confident in the merits of its case. "The Company has received a communication from the Competition Commission of India under Section 29 (1) of the Competition Act, 2002, regarding the proposed acquisition of The India Cements Ltd. The Company will be responding to the same," said UltraTech. The southern market for grey cement, where India Cements primarily operates, is highly competitive and fragmented, with the presence of over 35 grey cement manufacturers. "We are confident of the merits of our case," the Aditya Birla Group firm said. Under the CCI Act, where the fair trade regulator is of the opinion that a combination is "likely to cause, or has caused an ..

Cement shares in demand; UltraTech, Shree, JK, Dalmia Bharat gain up to 5%

While FY25 is seeing slow growth and subdued govt spending, CareEdge maintains a long-term outlook aligned with India's broader growth strategy with housing, continuing to be primary driver of cement.

Ultratech Cement shares gain 3% after expanding capacity at Kukurdih unit

Shares of Ultratech Cement rose as much as 2.90 per cent at Rs 11,525 a piece on the BSE in Monday's intraday trade

UltraTech, UCLA partner to reduce carbon emissions from cement production

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.

UltraTech Cement rallies 3% in range-bound market on strong outlook

The management believe that new infrastructure project orders will start gaining momentum, although it has been a subdued start from Q1 and during the reported quarter.

Cement shares in focus as Ambuja to buy Orient; trading strategy here

Barring HeidelbergCement most of the cement stocks look technically weak on the charts; Ambuja Cements is on the verge of seeing a 'Death Cross' formation on the daily chart.

UltraTech Cement up 2% as co eyes 7-8% growth in future; brokerages vary

UltraTech Cement's consolidated profit dropped 36 per cent year-on-year (Y-o-Y) to Rs 825 crore in the September quarter of FY25, from Rs 1,280 crore in the September quarter of FY24.

UltraTech Cement Q2FY25 results: Net profit dips 36% to Rs 820 crore

Cement sale volume slow down, growing at three percent YoY in Q2

UltraTech Cement shares slip as Q2 net profit plunges 36% to Rs 820 crore

UltraTech Cement's consolidated net profit for the quarter stood at Rs 820.04 crore, down 36.01 per cent from Rs 1,281.45 crore in the year-ago period

Nifty pivot stands at 24,800, Bank Nifty 51,800; shows F&O data

F&O market update Oct 18: The Nifty options data suggests likely resistance for the index near 24,800 - 25,000, and support between 24,500 - 24,700; says Dupesh Dhameja of SAMCO Securities.

UltraTech Cement raises $500 mn through sustainability-linked loans

The company added that the transaction marks the second sustainability-linked financing raised by UltraTech, following its inaugural sustainability-linked bond issuance in 2021

UltraTech Cement raises $500 million via sustainability-linked financing

Sustainability-linked finance is a method through which borrowers meet environmental, social and governance targets while raising funds

F&O Insights: IPCA, Divis Lab see bullish bets; 24,700 the key for Nifty

Derivatives market update: 12 stocks including Balrampur Chini, GNFC, India Cement, LIC Housing and National are in F&O ban on Thursday; 2 stocks see buildup up short positions; details here

Building materials business expected to log significant growth: Birla

Aditya Birla Group Chairman Kumar Mangalam Birla on Tuesday said the conglomerate's building materials business is expected to see significant growth over the next several years with cement and decorative paints poised to be a key segment on the back of housing and infrastructure boom in India. Moreover, the outlook of the Indian economy remains "positive" supported by strengthening of macroeconomic fundamentals, a robust financial and corporate sector, and a resilient external sector. The government's continued thrust on capex while pursuing fiscal consolidation, and consumer and business optimism augur well for investment and consumption demand, he said. Birla was addressing the AGM of the group's holding firm Grasim, which controls the group's flagship firms including UltraTech, Aditya Birla Finance and other investments in textiles, chemicals and paints. Grasim has invested Rs 50,000 crore in capex over the past five years, of which 77 per cent is dedicated to growth initiative

UltraTech to cross 200 mn tonne per annum capacity by FY27: K M Birla

Leading cement maker UltraTech is expected to cross 200 million tonne per annum capacity by FY27 helped by recent acquisitions and expansion projects, Chairman Kumar Mangalam Birla said on Wednesday. The Aditya Birla Group flagship firm has embarked on a capacity expansion drive "on a scale that is globally unprecedented" in the cement sector, he said while addressing the shareholders in the annual general meeting of the company. UltraTech last month announced acquisition of Tamil Nadu-based India Cements Ltd (ICL). Its Rs 3,142 crore open offer for acquiring 26 per cent stake will tentatively open on September 19. It has already announced the acquisition of a 32.72 per cent stake in ICL from promoters and their associates for Rs 3,954 crore. Besides, UltraTech is acquiring Kesoram Cement Business from Kesoram Industries, for which it received approval from fair trade regulator CCI in March. UltraTech is also increasing the capacity of its existing units as it faces competition fr

UltraTech Cement's open offer for ICL to open on Sept 19, close on Oct 3

UltraTech Cement's Rs 3,142 crore open offer for acquiring 26 per cent stake in India Cements Ltd (ICL) will tentatively open on September 19 and close on October 3. The Aditya Birla group flagship company has proposed to acquire 8.05 crore shares of ICL at Rs 390 apiece, said the draft of the offer submitted to bourses. The offer price is 6.3 per cent higher than the closing price of Rs 366.90 of ICL at BSE. The mandatory open offer was triggered after UltraTech on July 28 announced to acquire 32.72 per cent stake in ICL from promoters and their associates for Rs 3,954 crore. If subscribed fully, then based of the Rs 390 price, the open offer will come in at Rs 3,142.35 crore. Before this, UltraTech had acquired a non-controlling stake of around 23 per cent in ICL through two block deals, at around Rs 1,900 crore. The shareholding of UltraTech after the acquisition of 32.72 per cent stake in ICL from promoters and their associates, will be 55.49 per cent. UltraTech in the draft

Rise in construction activities to propel cement demand by 7-8%: UltraTech

Demand for cement is projected to grow 7-8 per cent in the current financial year, helped by an increase in construction activities throughout the country, UltraTech Cement said in its latest annual report. To meet this increased demand, the cement industry is expected to add 35 - 40 million tonne capacity in the next fiscal, with 60-65 per cent concentrated in the eastern and southern regions, said the Aditya Birla group flagship firm. Besides, this demand surge will translate into an increase in capacity utilisation of the industry to 72 per cent in FY25, which was around 68 per cent in FY23. "In FY 2024-25, cement demand is projected to grow 7-8 per cent driven by an increase in construction activities throughout the country, spread across the infrastructure and housing sector," said UltraTech. There has been a "concerted focus" on the integrated and coordinated planning and implementation of infrastructure projects, adhering to the principles of PM Gati Shakti. Priority has be

What's moving the Sensex on Tuesday? NTPC, Power Grid, TCS, ICICI Bank

NTPC, Power Grid contributed over 100 points to the BES Sensex so far; while, heavyweights HDFC Bank, Reliance and ICICI Bank were the chief laggards.

UltraTech-India Cement deal: No impact on Chennai Super Kings ownership

India Cements, the original owner of the Chennai Super Kings, will transfer control to the Aditya Birla Group following the sale of a 33.72% stake