India: UltraTech-Century merger talk heightens
UltraTech Cement Ltd and Century Textiles & Industries Ltd are in talks with their respective dealers to synchronise their cement distribution network, trade sources told Cogen...
Ultratech Cement
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UltraTech first quarter profit falls 5.5%
UltraTech Cement's first quarter standalone net profit fell 5.5 per cent YoY to INR591 crore. The Aditya Birla Group firm had posted net profit of INR628 crore in the year-ago ...
UltraTech Cement non-executive director resigns
UltraTech Cement Ltd has informed the Bombay Stock Exchange that Adesh Gupta, non-executive director has resigned from the Board of the Company with effect from 30 June 2015.
Jaiprakash gets shareholder go-ahead to sell to units to UltraTech
Jaiprakash Associates Ltd has received shareholder approval to sell two cement units in Madhya Pradesh to UltraTech Cement Ltd, the company said in a notice to the stock exchan...
UltraTech full-year net profit down 6% YoY
India’s largest cement manufacturer UltraTech Cement reported a six per cent drop in its net profit for the year ended 31 March 2015 to INR20.15bn versus INR21.44bn in the prev...
Jaiprakash Associates to seek shareholders' approval for divestments to UltraTech
Jaiprakash Associates Ltd will next month seek approval from its shareholders and creditors for the proposed sale of its cement units to UltraTech Cement. "Pursuant to an o...
Century Textiles to reportedly spin off cement unit
Century Textiles, owned by Birla patriarch Basant Kumar Birla, will spin off its cement business and merge it in an all-share deal with UltraTech Cement, owned by grandson Kuma...
Mumbai Port Trust allots land for cement handling terminal
The Mumbai Port Trust has allocated allotted 25,000m2 of land at Petroleum Godown to UltraTech Cement for 30 years, to build a fully-automated cement handling terminal. The te...
India: Aditya Cement starts third line, builds grinding unit
UltraTech Cement Ltd has informed the Bombay Stock Exchange (BSE) that the company has commissioned its clinker plant of 2Mta at Aditya Cement Works, Shambhupura, Rajasthan. Th...
UltraTech quarterly revenue rises 15% YoY
India's largest cement producer, UltraTech Cement, reported a 15 per cent YoY increase in net sales for the quarter ended 31 December 2014 to INR54.9bn. Earnings before inte...