Cement News tagged under: UltraTech Cement

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UltraTech reportedly eyeing further Jaypee units

08 October 2014, Published under Cement News

UltraTech Cement is believed to be looking at possible acquisition of Jaypee Group's three cement plants in Madhya Pradesh, according to local press reports. While investment banking sources involved in the talks said that the discussions are currently underway for a possible deal, a spokesperson for UltraTech declined to comment. In the June quarter, UltraTech completed the acquisition of Jaypee Cement Corp’s units in Gujarat, comprising an integrated unit at Sewagram and a grinding un...

UltraTech Cement given go-ahead for two new plants

29 September 2014, Published under Cement News

UltraTech Cement Ltd’s (Aditya Birla Group) proposal to set up two greenfield cement plants with an installed capacity of 9.5Mta has been cleared by Andhra Pradesh government. These two plants of a similar size have been proposed to be set up at Dachepalli of Guntur district and at Pentikota of Kurnool district by the company. The company, which has a total installed capacity of 62Mta across about 21 plants in India, currently operates a 4.9Mta capacity plant at Tadipatri in Anantapu...

UltraTech welcomes Gujarat dealers to its fold, India

04 September 2014, Published under Cement News

India’s largest cement producer, UltraTech Cement, has added to its dealer network following the acquisition of Jaypee's cement assets in the western state of Gujarat.  Dealers in Gujarat, who were earlier part of Jaypee Cement’s network, now come under the UltraTech Cement fold, further strengthening the company’s customer reach, reducing lead times and enabling more efficient distribution. UltraTech is currently supplying various infrastructure builds in Gujarat including projects in t...

UltraTech full-year hit by operational costs

21 July 2014, Published under Cement News

UltraTech Cement, an Aditya Birla Group company, today announced its financial results for the year ended 31 March 2014. Full-year net sales stood at INR58.32bn compared to INR53.91bn in the corresponding period of the previous year. Profit before interest, depreciation and tax was INR13.29bn compared to INR13.83bn. Profit after tax was INR8.38bn against INR7.26bn in FY13. Combined cement and clinker sales were up nine per cent YoY to 12.18Mt (previous year: 11.13Mt). "The year witne...

India: UltraTech completes deal to buy Jaypee Cement

13 June 2014, Published under Cement News

Jaypee Cement Corporation unit in Gujarat, India, will come into UltraTech Cement's possession following approval for the acquisition from the Bombay and Ahmedabad High Courts. The deal includes the 4.8Mta cement plant with a 57.5MW coal-based thermal power plant, limestone reserves for over 90 years and a captive jetty at Sewagram for an enterprise value of INR38000m (US$637.8m). The company has already received the approval of capital market regulator SEBI, shareholders and creditors. As...

UltraTech in talks to buy further Jaiprakash assets

11 June 2014, Published under Cement News

UltraTech Cement is reportedly in talks to buy further cement assets from Jaiprakash Associates, two sources with knowledge of the matter have told local press. The talks are centred on UltraTech acquiring Jaiprakash’s Rewa complex in Madhya Pradesh, to help the latter company reduce its debt burden. Last year, UltraTech agreed to buy Jaiprakash’s cement assets in Gujarat which have a cement capacity of 4.8Mt.

UltraTech Cement could buy Holcim-Lafarge assets

06 May 2014, Published under Cement News

UltraTech Cement Ltd, India’s biggest cement maker, is considering buying the local assets of Holcim Ltd and Lafarge SA, according to a person with direct knowledge of the matter. “The ready availability of assets may help the Indian firm gain market share without having to build greenfield factories,” said Rashesh Shah, an analyst at ICICI Securities Ltd in Mumbai. Birla’s plan also underscores optimism among investors that a stable government following this month's elections will spur a ...

UltraTech Cement quarterly profit rises 15% YoY

24 April 2014, Published under Cement News

UltraTech Cement reported a 15 per cent rise in net profit of INR8.4bn (US$138m) for the first quarter of the year on cost control initiatives. The company said it saw continuing pressure on input and logistic costs due to the increase in railway freight and a continuous hike in diesel prices. Although there was some relief on account of softening prices of imported coal, the impact was negated by the depreciation of the Indian rupee. However, optimisation of its fuel mix and other initiat...

India: UltraTech in talks to acquire further Jaypee assets – report

21 February 2014, Published under Cement News

UltraTech Cement is in preliminary talks to acquire the Jaypee Group’s cement assets in Solan, Himachal Pradesh state, according to local media citing two sources familiar with the situation. The assets include an integrated cement plant and a grinding and blending unit. Two European companies were also reported to be in the race to but talks have have failed, one of the two people, a senior executive at one of the companies, said. In September 2013, UltraTech acquired Jaypee’s cement as...

SPCB issues notice to Orissa plant, India

31 January 2014, Published under Cement News

The State Pollution Control Board (SPCB) has issued a show cause notice to UltraTech Cement’s factory in the village of Arda, Orissa, for violating pollution norms and asked the company to respond within 15 days as to why action should not be taken against it. Residents surrounding the plant have claimed that dust emissions are causing a health hazard. Mukesh Mahalinga, regional officer of SPCB, said the notice was issued after a team of inspectors visited the plant over the 5-10 December, ...