Cement News tagged under: UltraTech Cement
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. |
Chairman reflects on tough period at UltraTech Cement's AGM13 August 2020, Published under Cement NewsKumar Mangalam Birla, chairman of UltraTech Cement (Aditya Birla Group), opened the 20th Annual General Meeting on 12 August 2020, via video conferencing and reflected on the company's 1Q20-21 performance. Mr Mangalam Birla said the company's annual report's theme this year was 'Tough times don’t last; tough companies do'. "And your company is as tough as it gets!" he added. He announced that UltraTech's net sales in 1Q20-21 reached INR75.63bn (US$1.01bn), compared to INR112.29bn in the... |
1H20 results show regional impact of coronavirus on cement demand31 July 2020, Published under Cement NewsThis week, the cement industry majors have been announcing their business results for the first half of 2020. The business results of Dangote Cement, Cemex, UltraTech, HeidelbergCement, Titan and Vicat give the first clear indications of how the cement sector has been impacted and responded to the COVID-19 pandemic in various regions of the world. Africa Dangote Cement was first to announce its 1H20 results and announced a two per cent growth in revenue to NGN476.9bn (US$1.23bn). April... |
UltraTech Cement's consolidated net sales reach INR75,630m in 1QFY2129 July 2020, Published under Cement NewsUltraTech Cement Ltd’s (Aditya Birla Group) consolidated net sales reached INR75,630m (US$1.01bn) in the 1QFY21 compared to INR112,290m in the 1QFY20. Profit before interest, depreciation and tax was at INR23,530m, down from INR30,840m in the corresponding period of the previous year. Normalised profit after tax was INR9,060m compared to INR12,810m in the corresponding period of the previous year. On a standalone basis, net sales stood at INR72,900m compared to INR10,8510m in 1QFY20. Profi... |