What to make of Holcim's Indian exit?
Holcim Group agreed to sell its Indian cement businesses this week for US$10.5bn in cash to the Adani Group. ICR reports on the deal and what this means for the Indian cement s...
Ultratech Cement
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Dalmia Bharat joins the Holcim India race
Dalmia Bharat Ltd is reportedly planning to bid for Holcim’s India businesses. According to sources close to Dalmia, the company is in talks with banks to secure financing fo...
UltraTechCement Ltd reports consolidated sales of INR155bn in 4QFY21-22
UltraTech Cement Ltd has announced its financial results for the 4QFY21-22 and year ended 31 March 2022. The company reported consolidated net sales of INR155,570m (...
Aditya Birla Group will consider buying Holcim's Indian assets
Kumar 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 Ec...
UltraTech acquires 29% stake in RAK White Cement
UltraTech 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 Const...
UltraTech Cement preferred bidder for Karnataka limestone
UltraTech 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-auct...
UltraTech Cement announces INR9.65bn capex for Birla White expansion
UltraTech 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. Th...
UltraTech Cement consolidated net sales reach INR127.1bn in 3QFY22
UltraTech 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 ...
UltraTech Cement: growing a giant
UltraTech 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 ...
UltraTech Cement wins 12th Frost & Sullivan and TERI Sustainability 4.0 Award 2021
UltraTech 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 Award...