UltraTech Cement appoints independent director
India’s largest cement producer UltraTech Cement said its board of directors has appointed Arun Adhikari as additional director (Independent) to the board, effective 3 December ...
Ultratech Cement
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UltraTech Cement's quarterly profit falls 52% YoY
UltraTech Cement, India’s largest cement maker, posted a 52 per cent decline in net profit for the July-September quarter, mainly due to lower selling prices and subdued demand.
UltraTech acquires Jaiprakash's Gujarat assets
Jaiprakash Associates Ltd has confirmed it will sell its cement assets in Gujarat to UltraTech Cement Ltd for around INR38bn (US$598m) including debt. UltraTech, the country's l...
UltraTech poised for Jaiprakash's Gujarat units
UltraTech Cement is said to be in advanced stages of discussions to acquire the Gujarat-based cement units of Jaiprakash Associates, local media have reported. Sources familiar ...
India: delayed asset sale could help Jaiprakash Associates
To overturn its spiralling debts, Jaiprakash Associates (JA) has been actively seeking to sell off its 4.8Mta cement plant in Gujarat. The release of such assets is seen as a ne...
UltraTech first quarter hit by building slowdown
UltraTech Cement, India's largest cement producer, posted a 13.5 per cent YoY decline in its first quarter (April-June 2013), due to slowdown in home building and infrastructure...
UltraTech Cement commissions Karnataka clinker plant, India
UltraTech Cement said it has commissioned its 3.3Mta clinker plant at Malkhed in Karnataka, taking capacity from 53.9Mta to 57.2Mta.
India: Jaypee Cement eyes acquisition
Jaypee Cement (JC), the country’s third-largest producer (Jaiprakash Associates/Japyee Group), is looking at an acquisition, having recently dumped its plan to sell off its Guja...
UltraTech to take tribunal plea to Supreme Court on Monday
India’s Supreme Court will hear UltraTech Cement's plea challenging an order issued by the Competition Appellate’s Tribunal (COMPACT) on 17 May 2013 instructing the cement compa...
UltraTech in talks with JP Associates for Gujarat assets, India
UltraTech Cement is reportedly closing in on a deal to acquire the cement assets of Jaiprakash Associates in the state of Gujarat, India, according to local press reports. "The ...