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 partl...
Ultratech Cement
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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 INR...
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 a...
The Ministry of Coal cancels mining licence
India's Ministry of Coal has cancelled the mining licence for the Mandla South coal block won by Jaypee Cement, following the sale of the attached plants to UltraTech Cement. J...
UltraTech takes 400t of waste from railway workshop
UltraTech Cement has taken 400t of waste from the Golden Rock railway workshop in Ariyalur, India, to be used as an alternative fuel in its cement kilns. The company will take ...
UltraTech seeks clarity on Binani Cement bidding process
UltraTech has approached the National Company Law Tribunal (NCLT) in Kolkata, seeking clarity on the evaluation of bids for Binani Cement, according to India Info Online. Dalmi...
Dalmia Bharat wins bid for Binani
Dalmia Bharat Cement Ltd won the bid for Binani Cement on Tuesday, despite UltraTech Cement submitting an almost identical offer. The panel supervising the insolvency proceedin...
UltraTech and Dalmia Bharat highest bidders in Binani Cement deal
UltraTech Cement and Dalmia Bharat-Bain Piramal Resurgence Fund consortium are leading the bids for Binani Cement, according to Indiainfoline. Both partieshave submitted bids o...
UltraTech to be supplied with alternative fuel
The Tiruchi City Municipal Corporation (TCMC) has set an agreement with an environmental organisation to supply alternative fuel (AF) processed from fresh dry waste to UltraTec...