Cement News tagged under: UltraTech Cement
Aditya Birla Group will consider buying Holcim's Indian assets26 April 2022, Published under Cement NewsKumar Mangalam Birla, chairperson of Aditya Birla, is reportedly looking at ways to make a bid for ACC Ltd and Ambuja Cements that Holcim intends to divest, according to The Economic Times. UltraTech Cement ( Aditya Birla Group ) may look to expand its leading position in the market as any producer that picks up the Holcim assets in India will automatically become a contender to UltraTech Cement , as Holcim is the second-largest player in the Indian cement sector. However, analysts bel... |
UltraTech acquires 29% stake in RAK White Cement19 April 2022, Published under Cement NewsUltraTech Cement Middle East Investments , part of UltraTech Cement in UAE, has invested US$101m to acquire a 29.39 per cent stake in RAK Cement Co for White Cement and Construction Materials PSC . RAK White Cement reported a turnover of INR4.825bn (US$63.2m) last year, up from INR4.46bn in 2020. The company is registered on the Abu Dhabi and Kuwait stock exchanges. |
UltraTech Cement preferred bidder for Karnataka limestone13 April 2022, Published under Cement NewsUltraTech Cement (owned by Aditya Birla Group ) has emerged as the preferred bidder in the e-auction for the Diggaon Limestock Block. "The company participated in the e-auction of Diggaon Limestone Block conducted by the Government of Karnataka and has been declared as the preferred bidder," the company said in a regulatory filing. The block is situated in Chittapur township in the Kalburgi district of Karnataka, India. It is adjacent to UltraTech Cement’s Rajashree cement plant. The bl... |
UltraTech Cement announces INR9.65bn capex for Birla White expansion25 January 2022, Published under Cement NewsUltraTech Cement has announced a capital expenditure (capex) plan of INR9.65bn to modernise and almost double the production capacity of its white cement brand Birla White. The Aditya Birla Group company plans to increase the capacity of Birla White from the current 650,000tpa to 1.253Mta, UltraTech Cement said in a post-earnings statement. The company's board at its meeting on Monday approved the capex plan towards modernisation and the expansion of capacity at Birla White in a ph... |
UltraTech Cement consolidated net sales reach INR127.1bn in 3QFY2218 January 2022, Published under Cement NewsUltraTech Cement reports that its consolidated net sales was INR127.1bn (US$1.71bn) in the 3QFY22 when compared with INR121.4bn over the corresponding period of the previous year. Profit after tax jumped eight per cent to INR17.08bn from INR15.84bn. There is a one-time gain of INR5350m in tax for earlier years. After gaining pace in October 2021, demand slowed substantially in November, 2021 as a result of the construction ban in the NCR, extended monsoons in the south and a few states... |
UltraTech Cement: growing a giant14 January 2022, Published under Cement NewsUltraTech Cement (Aditya Birla group) has been increasing its cement capacity this week with the opening of Line II at its Bara grinding unit in Uttar Pradesh, India. This has taken the group's cement capacity up to 114.55Mta, consolidating its position as one of the world's largest cement manufacturers outside of China. The company's rise has been truly outstanding since its establishment of the first plant for Grasim (Vikram Cement) and Indian Rayon (Rajashree Cement) in 1983-88. From a f... |
UltraTech Cement wins 12th Frost & Sullivan and TERI Sustainability 4.0 Award 202114 January 2022, Published under Cement NewsUltraTech Cement has been recognised with the Leaders Award in the Mega Large Business, Process Sector category, at the 12th Frost & Sullivan and TERI Sustainability 4.0 Awards 2021. The Sustainability 4.0 Awards recognise efforts of companies that incorporate sustainability principles into their business culture. UltraTech received the Leaders Award for its holistic approach to sustainability and its best-in-class sustainability practices, including i ts circular economy activitie... |
UltraTech Cement commissions Bara grinding unit Line II13 January 2022, Published under Cement NewsUltraTech Cement (Aditya Birla Group) has commissioned Line II of its Bara grinding unit in Uttar Pradesh, India, having cement capacity of 2Mta. Line I was earlier commissioned in January 2020 and is already operating at a capacity utilisation in excess of 80 per cent, says the company. This additional capacity will help the UltraTech Cement to service the fast-growing cement demand in the central region in the country. Together with this expansion, during the FY21-22 the c... |
UltraTech Cement begins operations at Navi Mumbai terminal20 December 2021, Published under Cement NewsIndia’s UltraTech Cement has begun operations at its bulk terminal in Kalamboli, Navi Mumbai. As the company’s 7th bulk terminal, it has a 1.2Mta capacity and is expected to strengthen its bulk cement sales in the region. Cement will be brought in bulk rakes to this terminal from UltraTech’s manufacturing units at Solapur, Maharashtra, and Malkhed, Karnataka. This will effectively help in reducing the freight cost, with an increase in the usage of rail transportation. |
UltraTech Cement celebrates 15 five-star mine ratings03 December 2021, Published under Cement NewsUltraTech Cement has received a five-star rating in the field of sustainable mine management for 15 of its limestone mines , awarded by the Ministry of Mines and Indian Bureau of Mines. This was awarded for the last three years (2017-18, 2018-19 and 2019-20), with a total of 30 such five-star rating awards. This is the highest number of five-star ratings awarded to any company in India for all the major minerals such as bauxite, copper, iron ore, manganese, lead, zinc and limesto... |