UltraTech commissions second grinding unit in Dhar
India’s UltraTech Cement has commissioned its second 1.75Mta grinding facility at Dhar, Madhya Pradesh, with the first entering operation in April 2018. The new plant increases ...
Ultratech Cement
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Demerger of Century Textiles to UltraTech Cement
The Board of Directors of UltraTech Cement Ltd confirmed that Century Textiles will demerge its 'Cement Business' into UltraTech, in a company statement. "The transaction provid...
UltraTech set to acquire Century Textiles' cement business
UltraTech has announced plans to acquire the cement sector of Century Textiles through a share swap deal, which will further strengthen its presence in the eastern and central m...
UltraTech Cement secures Madhya Pradesh limestone reserves
Aditya Birla group firm UltraTech Cement said it has acquired the Deora-Sitapuri-Udipyapura limestone mining block in Madhya Pradesh (MP). UltraTech Cement said the land is in c...
UltraTech moves closer to plant operation
India-based UltraTech Cement has moved closer to commencing operations at its plant in Sonbhadra, Uttar Pradesh. The facility, initially owned by JP Associates (JPA), can only b...
Long-term rail freight rates secured for Ramco and Zuari
India’s South Central Railway (SCR) has signed a long-term tariff contract with Ramco Cements Ltd and Zuari Cements Ltd to transport freight traffic at fixed rates, according to...
UltraTech Cement records revenue increase in 4QFY18
India’s UltraTech Cement has reported a 29 per cent YoY fall in its standalone profit for the 4QFY18 period, to INR4.88bn (US$73.05m) from INR6.88bn. The decline has been partly...
UltraTech announces new bid for Binani Cement
UltraTech Cement announced its intention to take over Binani Cement on Monday, with an offer of INR72.66bn (US$1.11bn). The new offer follows Dalmia Cement's claim that its INR6...
UltraTech Cement secures winning bid for limestone block
UltraTech Cement has emerged as the winner in the auction of Chhattisgarh’s Guma limestone block. Over 600 bids were made for the mine in an e-auction that lasted for 15 hours, ...
Dalmia Bharat-led bid approved by lenders
Lenders to the bankrupt Binani Cement have decided that a a Dalmia Bharat-led bid would be allowed, thereby overruling the objections of UltraTech Cement. The offer fulfilled al...