India: UltraTech cement profits up 25%
UltraTech Cement reported that for the quarter ending 30 September its profits rose 25.27 per cent YoY. A consolidated net profit of INR6.14bn (US$92.1m) was announced for the J...
Ultratech Cement
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Visible cracks Premium
Over the last 18 months CDP has analysed sectors ranging from electric utilities and automotive manufacturing to extractives and has benchmarked how leading players manage clima...
India prepares for the upturn Premium
After a strong first quarter, India’s cement demand experienced a setback in April and May. However, monsoon preparations helped the market recover in the following month and th...
Indian cement producers to appeal CCI fines
LafargeHolcim, India Cements and Ramco Cements have said that they will appeal against yesterday’s ruling by the Competition Commission of India (CCI) which levied fines totalli...
Competition Commission of India imposes US$944m fine for cartelisation
The Competition Commission of India (CCI) has levied a fine of INR63.2bn (US$944m) on 10 cement companies whom it accuses of conspiring to fix prices in contravention of competi...
India: reason for optimism? Premium
The first quarter of 2016 provided some basis for optimism for India’s cement producers as the sector reported double-digit expansion. However, in the months ahead, the monsoon ...
India: UltraTech’s plan for Bokaro plant moves forward
UltraTech Cement’s project to build a new 1.5Mta plant at Bokaro in Jharkhand has moved a step closer to realisation after the district authorities gave it their support, the Ti...
UltraTech Cement
UltraTech has at last agreed terms with Jaypee Group for the acquisition of Jaypee’s cement interests. UltraTech is paying some US$2400m for the acquisition of 17.2Mta of cement...
India: UltraTech purchases more coal linkages
UltraTech Cement has won an auction for 95,000t of coal from Junadhi Mines in Chhattisgarh. The rights to use the coal are being sold off as part of a wider exercise within the ...
UltraTech Cement
UltraTech has reported a 29 per cent increase in profit after tax for the quarter ending 30 June 2016. On a consolidated basis, profit came in at INR7.8bn, up from INR6.04bn in ...