Cement News tagged under: UltraTech Cement

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UltraTech Cement 2Q net profit up

17 December 2015, Published under Cement News

UltraTech Cement Ltd has reported that net profit after taxes and minority interest for the second quarter ended 30 September 2015 was INR4.27bn (US$64m), or INR15.55 per diluted share, compared to INR4.14bn, or INR15.09 per diluted share, for the same quarter ended 30September 2014. Total income from operations for the second quarter was INR60.13bn, compared to INR57.7 bn for the same quarter ended 30 September 2014. Net profit after taxes and minority interest for the six months ende...

UltraTech Cement included on the Indian Climate Disclosure Leadership Index

05 November 2015, Published under Cement News

UltraTech Cement announced that it has been identified as an Indian leader for the quality of climate change-related information that it has disclosed to investors and the global marketplace through CDP India, a not-for-profit organisation that drives sustainable economies.  As a result, UltraTech Cement has been awarded a position on the Indian Climate Disclosure Leadership Index (CDLI), released this week in the India climate change report.  The Indian cement major said it has earned it...

UltraTech Cement second-quarter sales ahead

20 October 2015, Published under Cement News

Aditya Birla group company UltraTech Cement reported higher revenue and volume growth for the second quarter of FY16 as well as a better operational performance during the period. For the three months to the end of September 2015, standalone net sales edged ahead by 4.2 per cent to INR5621 crores compared to INR5379 crores a year earlier. Profit before interest, depreciation and tax rose 8.6 per cent to INR1033 crores. However, profit after tax fell 3.9 per cent to INR394 crore largely...

UltraTech commissions Haryana grinding plant, India

23 September 2015, Published under Cement News

UltraTech Cement has commissioned a 1.6Mta grinding unit at Jhajjhar in the northern Indian state of Haryana, lifting the company's total cement capacity to 63.1Mta. Clinker for the new grinding unit will be sourced from the company's Aditya Cement Works in neighbouring Rajasthan, where a new clinker line was also commissioned in March. With the additional grinding capacity, the company will be able to tap the northern region more effectively.

UltraTech gets MoE go-ahead for Awarpur expansion, India

18 September 2015, Published under Cement News

UltraTech Cement has received clearance from the Ministry of Environment to expand capacity at its Awarpur plant in Maharasthra, subject to certain conditions. The company has proposed to raise clinker production from the existing 3.3Mta to 4.5Mta and raise cement output from 4.48Mta to 6Mta. The Union Environment Ministry’s Expert Appraisal Committee (EAC) had earlier examined UltraTech Cement's proposal and suggested green clearance. "Based on the EAC recommendation, the Environment Mini...

UltraTech Cement poised to lift capacity to 71Mta

02 September 2015, Published under Cement News

UltraTech Cement is set to take its capacity to 71.2Mta by 31 March 2016 on the back of ongoing projects as well as recent acquisitions, chairman Kumar Mangalam Birla said on Friday. "Despite the cement industry being snowed under the slowdown in the rural economy, lack of investment from both private and public sector coupled with the overall sluggish demand, UltraTech had put in a commendable performance...With the on-going projects underway, the capacity in India will grow to 71.2Mta by...

UltraTech reportedly nearing deal to buy Bhilai grinding plant, India

27 August 2015, Published under Cement News

UltraTech Cement is rumoured to be in advanced talks to buy Jaiprakash's 2.2Mta grinding plant in Bhilai, Chhattisgarh state, according to local press.  Citing sources familiar with the matter, the reports state that the two companies are waiting for approval from state-run steelmaker Steel Authority of India Ltd (SAIL), which owns 26 per cent of the plant, before finalising the deal. In December, UltraTech agreed to acquire the Madhya Pradesh assets of Jaiprakash Associates Ltd, which ...

UltraTech Cement

24 August 2015, Published under Cement News

India and the UAE have announced plans to create a multi-billion dollar fund to invest in India’s infrastructure sector. The fund, which plans to raise up to US$75bn, will be focused on next generation projects including railways, ports, roads, airports, industrial corridors and parks. Although no time frame has been given, or details on how the fund will be financed or structured, UltraTech Cement will be among the cement companies hoping the new fund will bring with it an increase in cem...

UltraTech Cement seeks shareholders approval for NCD issue, India

03 August 2015, Published under Cement News

The board of UltraTech Cement Ltd has sought shareholder approval to raise up to INR90bn rupees via issue of non-convertible debentures (NCD) on a private placement basis, the company said in a release to the exchanges today. The proceeds from the NCD issue will be used to finance ongoing capital expenditure, repay existing loans or for general corporate purposes.

India: UltraTech-Century merger talk heightens

28 July 2015, Published under Cement News

UltraTech Cement Ltd and Century Textiles & Industries Ltd are in talks with their respective dealers to synchronise their cement distribution network, trade sources told Cogencis.     UltraTech and Century Textiles dealers have been told that a combined sales approach could be in place by October. The move has led to resurfacing of talk that Century Textiles' cement division will be merged with UltraTech.     The Aditya Birla group-owned UltraTech Cement and the BK Birla-owned Century Tex...