Cement News tagged under: UltraTech Cement
UltraTech Cement receives approval to raise INR30bn04 February 2021, Published under Cement NewsIndia’s UltraTech Cement has received approval to raise INR30bn (US$411.42m) through the issuance of US dollar-denominated bonds. The proceeds from the issuance are expected to be used to refinance existing rupee debt, with the remainder reserved for regular ongoing capital expenditure requirements and general corporate purposes. The bonds will be offered and sold within the US in one or more tranches. |
Humboldt India wins new UltraTech Cement order27 January 2021, Published under Cement NewsHumboldt Wedag India Pvt Ltd (HW India), New Delhi, India, a subsidiary of KHD Humboldt Wedag International AG (KHD), Cologne, Germany, has received a new order from UltraTech Cement Ltd for three new kiln lines, one new raw meal grinding plant with two KHD roller presses, and the upgrade of five existing clinker grinding plants with KHD roller presses. The engineering and supply of equipment as well as supervisory services related to erection and commissioning comprise a potentia... |
UltraTech Cement reports consolidated sales of INR121.44bn25 January 2021, Published under Cement NewsThe Aditya Birla Group's cement flagship, UltraTech Cement Ltd, reported consolidated net sales of INR121.44bn (US$1.66bn) for the quarter ended 31 December 2020, versus INR102.61bn over the corresponding period of the previous year. Profit before interest, depreciation and tax was at INR33.62bn compared to INR21.47bn in the corresponding period of the previous year. Profit after tax was INR15.84bn compared to INR7.12bn in the corresponding period of the previous year. On... |
UltraTech Cement to raise US$135.8m in private placement29 December 2020, Published under Cement NewsUltraTech Cement Ltd, India's largest manufacturer and distributor of cement and cement-related products, has announced it will raise INR10bn (US$135.80m) in a private placement of unsecured redeemable non-convertible debentures (NCDs). UltraTech is considering a proposal to raise funds by issuance of 10,000 rated, listed, non-convertible, redeemable, unsecured NCDs of INR10,00,000 each. |
UltraTech Cement announces 12.8Mta capacity expansion04 December 2020, Published under Cement NewsUltraTech Cement’s (Aditya Birla Group Cement) Board of Directors have approved an increase of cement capacity by 12.8Mta with a mix of brownfield and greenfield expansions. The additional capacity will be created in the fast-growing markets of the eastern, central and northern regions of India. Kumar Mangalam Birla, chairman of the Aditya Birla Group, said: "This significant investment in a core infrastructure sector will accelerate the wheels of economic activity and aid the kickstar... |
EP100 companies avoid release of 328Mt of CO218 November 2020, Published under Cement NewsThe Climate Group’s EP100 Progress and Insights Report 2020 tracks the rapid progress of energy-smart member companies improving their energy and productivity. It reveals that by using the latest technologies, improving processes, and digitising use, just 33 EP100 companies have avoided 328Mt of CO 2 equivalent (CO 2 e) to date – more than the annual emissions of France. The transition is also good news for business, with a total of US$200m in savings saved annually by the 22 companie... |
India: beyond the headwinds03 November 2020, Published under Cement NewsIndia has become the second-worst affected country by the COVID-19 health crisis. Consequently, construction activity has taken a hit and cement demand saw a dramatic collapse in the April-June 2020 quarter. As the pandemic continues to play out, ICR assesses the impact on domestic cement producers and prospects for recovery. As COVID-19 exerts unprecedented stress on India’s cement industry, ICR looks at the latest available data to date for the April-June 2020 period and... |
UltraTech Cement records net sales of INR102.31bn in 2QFY2122 October 2020, Published under Cement NewsUltraTech Cement Ltd (Aditya Birla group) announced earned consolidated net sales of INR102.31bn (US$1.389bn) in 2QFY21 compared to INR94.86bn in 2QFY20. Profit after tax was INR1234m for the financial period ended 30 September 2020. On a standalone basis, net sales stood at INR98.95bn in 2QFY21 compared to INR91.23bn in 2QFY20. Profit before interest, depreciation and tax in 2QFY21 was INR26,990m and profit after tax was INR12,090m. Operating margins reached 27 per cent and for t... |
UltraTech Cement Ltd commits to GCCA's 2050 Climate Ambition24 September 2020, Published under Cement NewsUltraTech Cement Ltd, as a founding member of the Global Cement and Concrete Association (GCCA), has committed to the ‘2050 Climate Ambition’ announced by GCCA on behalf of all its member companies. The GCCA’s ‘2050 Climate Ambition’ is the member companies’ commitment to drive down the CO 2 footprint of their operations and products, and their collective aspiration to deliver society with carbon-neutral concrete by 2050. The industry is coming together to outline this important am... |
UltraTech secures bauxite raw material supplies from Hindalco21 August 2020, Published under Cement NewsHindalco Industries Ltd, India's premier aluminium and copper producer, has won an order to supply 1.2Mta of bauxite residue to UltraTech Cement as a raw material for cement production. The order is part of UltraTech's drive to use industrial by-products, which can contribute to toxic waste if not disposed of properly. Hindalco has supplied 2.5Mt of bauxite residue to 40 cement companies in 2020 so far. |