Cement News tagged under: UltraTech Cement

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UltraTech Cement to build new Rajasthan plant and new Satna limestone mine

11 December 2017, Published under Cement News

UltraTech Cement have announced a decision to construct a 3.5Mta integrated cement plant in Pali, Rajasthan. The cement plant represents an investment of INR18.5bn (US$287.4m) and is expected to begin commercial production by June 2020, according to The Hindu. UltraTech's new plant will supply the market in western Rajasthan and bring the company to a total of 50 plant locations across India.  In addition, UltraTech Cement is planning a limestone project and crushing unit at Tehsil Ra...

UltraTech Cement sales pass US$1bn in quarter ended 30 September 2017

19 October 2017, Published under Cement News

UltraTech Cement Ltd, an Aditya Birla Group Company, has announced its unaudited financial results for the quarter ended 30 September 2017. Net sales stood at INR68,400m (US$1.051bn) as compared to INR57,080m in the corresponding period of the previous year. Profit before interest, depreciation and tax was INR15,500m higher by 13 per cent than the INR13,780m in the corresponding period of the previous year. Increased depreciation and higher interest cost relating to the acquired cement pl...

UltraTech expected to announce large net profit fall in 3Q17

18 October 2017, Published under Cement News

UltraTech Cement is likely to report a 30-50 per cent drop in the July-September quarter net profit on higher interest cost and depreciation related to acquisition of Jaiprakash Associates six integrated cement plants and five grinding units, having a capacity of 21.2Mt, reports The Economic Times. Net sales are forecast to rise 17-18 per cent for the quarter, the paper reports. The cement maker is scheduled to report its results later in the day. According to Centrum, the cement maker ...

Himachal cement companies shelve price hike plans

13 October 2017, Published under Cement News

An intervention by Chief Minister Virbhadra Singh has forced two subsidiaries of LafargeHolcim with cement plants in Himachal Pradesh to reduce their prices by INR5 per bag in the state. Ambuja and ACC have agreed in principle to reduce the price with immediate effect, a government spokesperson said. The cement price was enhanced from INR360/bag (US$5.54) by the companies on Tuesday. UltraTech Cement Ltd, which took over Jaypee Cement, was also directed not to enhance the rate, an official...

Khamarnaugaon plant idea opposed by villagers

12 October 2017, Published under Cement News

Aditya Birla's proposed UltraTech cement plant at Khamarnuagaon under Cuttack district’s Athagarh block has witnessed protests by locals despite obtaining required 90 acres from the government to start plant there. Villagers of Gurudijhatia and Khamarnuagaon alleged that they would lose almost all grazing fields for cattle if a cement plant was built in the area.

Vikram Cement recognised with water management award

10 October 2017, Published under Cement News

UltraTech Cement Ltd (UTCL) has been recognised at the Confederation of Indian Industry's (CII) National Awards for Excellence in Water Management 2017. Vikram Cement Works, an integrated cement manufacturing unit of UTCL, won the Confederation of Indian Industry's (CII) National Awards for Excellence in Water Management 2017 in the ‘outside the fence’ category. This award is a recognition for the ‘Sustainable Livelihood through Watershed Management’s corporate social responsibility (CSR) ...

UltraTech to build Madhya Pradesh plant

20 July 2017, Published under Cement News

Indian cement major UltraTech plans to establish an integrated cement plant in Madhya Pradesh with a capacity of 3.5Mta. "The board has approved a greenfield integrated cement plant at Dhar in Madhya Pradesh with a capacity of 3.5Mta. The plant will involve an investment of INR2600 crore [US$403m] and is likely to being commercial production by the fourth quarter of FY19," UltraTech chairman, Kumar Mangalam Birla, said during the company's 17th annual general meeting. The new plant will...

UltraTech sees profit growth in 1QFY18

19 July 2017, Published under Cement News

UltraTech Cement Ltd, an Aditya Birla Group Company, yesterday announced its unaudited financial results for the quarter ended 30 June, 2017. The results include those of the cement plants of Jaiprakash Associates Ltd (JAL) and Jaypee Cement Corporation Ltd (JCCL) acquired in terms of a Scheme of Arrangement effective 29 June 2017. Net sales for the period stood at INR69.38bn as compared to INR65.35bn in the corresponding period of the previous year. Profit before interest, depreciation an...

UltraTech reduces prices

05 July 2017, Published under Cement News

UltraTech Cement has reduced prices of its products by 2-3 per cent, extending benefits of a tax reduction under the countrys Goods and Service Tax (GST) regime, local press report. The company has started the supply of batches from its warehouses on new rates effective 1 July , when the new tax structure came into force. Cement has been taxed at 28 per cent under the GST as compared to 30-31 per cent in the previous taxation system. The reduction in prices would vary from state to st...

UltraTech's purchase of Jaiprakash assets reportedly nears completion

22 May 2017, Published under Cement News

UltraTech Cement cquisition of the cement business of Jaiprakash Associates is expected to be completed in the next few months, a top group executive said in an interview with local media. “The Jaiprakash Associates acquisition is on track and should get done sooner than later,” group chief financial officer Sushil Agarwal said. In July last year, UltraTech agreed to acquire Jaiprakash Associates ’ cement plants, which have a total capacity of 21.2Mta, making it one of the largest de...