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Ultratech Cement Acc

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

Cement shares in action: Heidelberg, UltraTech, Shree, Nuvoco zoom up to 4%
Updated On : 11 Dec 2024 | 11:04 AM IST

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.

Cement shares in demand; UltraTech, Shree, JK, Dalmia Bharat gain up to 5%
Updated On : 02 Dec 2024 | 11:56 AM IST

Prism Johnson posts bigger-than-expected Q2 loss on tepid cement demand

Average cement prices slumped to a 51-month low around July-end and the first half of August, and only rose marginally in the later part of the quarter

Prism Johnson posts bigger-than-expected Q2 loss on tepid cement demand
Updated On : 13 Nov 2024 | 2:27 PM IST

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

UltraTech Cement raises $500 million via sustainability-linked financing
Updated On : 26 Aug 2024 | 6:46 PM IST

After monsoon lull, price pressure, are cement stocks worth buying?

Shares of cement companies have slid up to 19 per cent in the last four weeks on the NSE, against a 1.06 per cent jump in the benchmark Nifty50

After monsoon lull, price pressure, are cement stocks worth buying?
Updated On : 23 Aug 2024 | 10:46 PM IST

Market share of top 5 cement makers to rise to 55% by Mar 2025: ICRA

Top five domestic cement manufacturers could expand their market share to up to 55 per cent by March 2025, through organic and inorganic expansions, leading to further consolidation, said a report from rating agency ICRA. Helped by a healthy demand prospect, large companies operating in the cement sector are looking to increase their capacity and maintain market share, it said. "ICRA estimates that the market share of the top five cement companies witnessed a steep rise to 54 per cent as of December 2023, from 45 per cent as of March 2015, and expects it to further increase to 55 per cent by March 2025, resulting in consolidation in the cement industry," it said. While organic growth is expected to continue in the medium-term, cement companies are also preferring the inorganic route to boost capacities rapidly, leading to consolidation in the industry, it added. "Except the ACC and Ambuja acquisitions by the Adani Group, other mergers and acquisitions (M&As) were largely owing to .

Market share of top 5 cement makers to rise to 55% by Mar 2025: ICRA
Updated On : 13 Jun 2024 | 2:33 PM IST

UltraTech Cement buys grinding unit from India Cements, announces expansion

Aditya Birla group company UltraTech Cement has announced the acquisition of a grinding unit from India Cements for Rs 315 crore and said it will invest an additional Rs 504 crore to expand capacity of two units. In a stock exchange filing, UltraTech said its board has approved acquisition "of a grinding unit having installed capacity of 1.1 million tonnes per annum in addition to a captive railway siding at Parli, Maharashtra from The India Cements Limited... for a consideration of Rs 315 crores". The company said it has entered into an Asset Purchase Agreement with the seller. "This purchase will help the Company to strengthen its presence in the rapidly growing Maharashtra markets." Making a similar regulatory filing, The India Cements said out of the total consideration of Rs 315 crore (exclusive of taxes and levies), "Rs 307 crore will be received by the company shortly and the balance Rs 8 crore within nine months from the date of the agreement." The unit being sold had a ...

UltraTech Cement buys grinding unit from India Cements, announces expansion
Updated On : 21 Apr 2024 | 11:51 PM IST

Broader mkt weakness, slow capex to halt rally in cement shares: Analysts

Shares of JK Cement, Dalmia Bharat, Ambuja Cement, and ACC, for instance, have lost in the range of 5 per cent to 8 per cent during the period, ACE Equity data shows

Broader mkt weakness, slow capex to halt rally in cement shares: Analysts
Updated On : 14 Mar 2024 | 1:02 AM IST

India Cements Q3 result: Loss of Rs 16.5 cr due to subdued demand

India Cements reported a loss for the third quarter on Thursday, hit by subdued demand due to a slow down in construction activity ahead of elections and cyclone in some states

India Cements Q3 result: Loss of Rs 16.5 cr due to subdued demand
Updated On : 01 Feb 2024 | 1:44 PM IST

UltraTech Cement's Q3 profit rises 68% on the back of price hikes, demand

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.

UltraTech Cement's Q3 profit rises 68% on the back of price hikes, demand
Updated On : 19 Jan 2024 | 3:26 PM IST

UltraTech acquires grinding assets of Burnpur Cement for Rs 169.79 cr

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. The company has acquired 0.54 mtpa cement grinding assets of Burnpur Cement Ltd, located at Patratu in Jharkhand, UltraTech Cement said in a regulatory filing. "The acquisition has been carried out at a consideration of Rs 169.79 crore in terms of the provisions of the Securitisation and Reconstruction of Financial Assets and Enforcement of Security Interest Act, 2002 read with the Security Interest (Enforcement) Rules, 2002," it added. This investment marks the company's entry in Jharkhand, the filing said, adding the company's capacity in India now stands at 133 mtpa. Last year state-owned Punjab National Bank (PNB) had put up for sale the account of loss-making Burnpur Cement and invited bids from Asset Reconstruction Companies (ARCs) to recover loans outstanding of over Rs 50 crore.

UltraTech acquires grinding assets of Burnpur Cement for Rs 169.79 cr
Updated On : 29 Nov 2023 | 11:55 PM IST

UltraTech Cement announces third capex round worth Rs 13,000 crore

To take India capacity to 182 MTPA in a phased manner starting FY26

UltraTech Cement announces third capex round worth Rs 13,000 crore
Updated On : 29 Oct 2023 | 10:10 PM IST

UltraTech Cement may present details of second phase of expansion by Dec

Company likely to present details of its second phase of expansion by December this year

UltraTech Cement may present details of second phase of expansion by Dec
Updated On : 25 Oct 2023 | 11:32 PM IST

Cement companies boost ad and sales spend in race for market share

UltraTech was the biggest spender, Dalmia Cement saw highest jump in expenses in FY23, shows data

Cement companies boost ad and sales spend in race for market share
Updated On : 15 Aug 2023 | 10:35 PM IST

UltraTech Cement Q1 results: Net profit jumps 6.5%, revenue up 16.9%

The profit before interest, depreciation and tax was Rs 3,223 crore, compared to Rs 3,204 crore year-on-year (YoY)

UltraTech Cement Q1 results: Net profit jumps 6.5%, revenue up 16.9%
Updated On : 21 Jul 2023 | 4:09 PM IST

ACC, Ambuja, Dalmia Cement: Analysts remain selective on cement stocks

UBS and Nomura expect volume growth of 10 per cent and 8 per cent, respectively, in FY24 aided by an uptick in the real estate cycle.

ACC, Ambuja, Dalmia Cement: Analysts remain selective on cement stocks
Updated On : 12 Jul 2023 | 10:58 AM IST

Cement shares in focus; UltraTech hits 52-week high, Ambuja surges 4%

Profitability of cement companies are likely to improve in fiscal 2024, owing to softening of coal and pet coke prices and better operational efficiency, says Crisil Ratings.

Cement shares in focus; UltraTech hits 52-week high, Ambuja surges 4%
Updated On : 06 Jun 2023 | 10:45 AM IST

Improving profitability, lower debt to give strength to UltraTech Cement

Operating performance in Q4 was in line with estimates

Improving profitability, lower debt to give strength to UltraTech Cement
Updated On : 01 May 2023 | 8:01 PM IST

Ultratech drops out of race to buy Jaiprakash Associates' cement assets

Lack of agreement over valuation spurs decision; deal would have provided relief to Indian lenders, which have an exposure of Rs 28,753 crore to Jaiprakash

Ultratech drops out of race to buy Jaiprakash Associates' cement assets
Updated On : 22 Nov 2022 | 7:13 PM IST

Dalmia, Sagar Cements in race to buy debt-ridden Andhra Cements

Jaypee-owned firm undergoing bankruptcy process

Dalmia, Sagar Cements in race to buy debt-ridden Andhra Cements
Updated On : 17 Oct 2022 | 7:22 PM IST