Ultratech to Acquire India Cement; Buy 32.72% Promoters' …
Aditya Birla Group flagship company UltraTech Cement will acquire a 32.72 per cent stake in India Cements from promoters and their associates in a Rs 3,954 deal …
Ultratech Cement Owns
L&T to sell UltraTech Cement stake | Mint
Grasim Industries Ltd, the flagship cement firm of the Aditya Birla Group, along with associates, owns 54.78% in UltraTech and has the right of first refusal to acquire L&T's stake.
UltraTech Cement Limited : Shareholders Board Members …
The group offers gray and white cements, granulates, ready-to-use concrete, mortars, coatings, binders, etc. At the end of March 2021, UltraTech Cement Limited had 23 cement plants, over 130 concrete factories in India and 27 grinding facilities (of which 23 in India). India accounts for 99.3% of net sales.
UltraTech Board of Directors approves the purchase of …
UltraTech had made a financial investment in India Cements to acquire 22.77% equity at a price of Rs 268 per share in June 2024. Post this financial …
Financial Results
UltraTech's expansion program is progressing as per schedule. During the year, the Company commissioned 12.4 mtpa additional capacity of grey cement. It has further commissioned a 2.2 mtpa brownfield cement capacity at Patliputra in April, 23. Work on its next phase of growth of 22.6 mtpa has already commenced.
BIG IN YOUR LIFE
Synergy of Cement Business of ABG under one roof Investments in TPPs –80% power self-sufficient 1998 2004 2008 2011 2016 2019-22 1983-88 2023 2025 67.7mtpa 120.0 mtpa Acquisition of : o Jaypee Cement (21.2 mtpa), o Binani Cement (6.25 mtpa), o Century Cement (14.6 mtpa) Organic Capacity addition: 8.2 mtpa 3rd largest global …
UltraTech Cement acquires a majority stake and …
UltraTech Cement acquires a majority stake and management control in Dubai-based Star Cement Company, LLC (Star Cement). Star Cement owns cement plants in UAE, Bahrain and Bangladesh with a total capacity of three million tonnes annually. This acquisition gives the Aditya Birla Group a strong foothold in the Middle East.
UltraTech Cement Limited
UltraTech Cement Limited is the cement flagship company of the Aditya Birla Group. A USD 8.4 billion building solutions company, UltraTech is the largest manufacturer of …
UltraTech Cement acquires Kesoram Industries' cement …
This move will give UltraTech access to assets that are ready to use and have no gestation period. Kesoram Industries, possesses a robust cement business consisting of two integrated cement units in Karnataka and Telangana, with a total installed capacity of 10.75 million tonnes per annum (MTPA). UltraTech has been pursuing the …
Building Products: Ultimate Range Of Products & Solutions | UltraTech
UltraTech MICROKRETE is a polymer enriched cement based high performance, high strength, non-shrink high quality micro concrete for micro concreting and jacketing applications of columns, beams, and concrete slab repairs. Ideal for fast and durable repairs. It is developed by using special polymers, additives and selected fillers.
Holcim India Asset Sale: Aditya Birla's Ultratech Makes …
The Aditya Birla Group, which owns the country's largest cement company Ultratech, has formally joined the race to buy out the Swiss cement giant Holcim's stake in Ambuja Cement and ACC, a person in the know of the development has said. ... Ultratech by far is the largest cement maker in the country with an installed capacity of 117 mt …
Ultratech Cement Case Study
Ultratech Cement is India's largest manufacturer of gray cement, ready-mix concrete (RMC), and white cement. The company is a part of the Aditya Birla Group, one of India's largest conglomerates. The company has a strong presence in India, with a manufacturing network of 24 integrated manufacturing plants and 33 grinding units.
UltraTech Acquires N Srinivasan's India Cements At Rs 3,954 …
At present, among the top ten domestic cement makers by market capitalisation, while the Aditya Birla Group owns UltraTech along with Kesoram and India Cements now; Adani Group on the other hand ...
UltraTech Cement Ltd
UltraTech Cement Ltd. is the largest manufacturer of grey cement, Ready Mix Concrete (RMC) and white cement in India. Products and Services. Powered by AI . Edit Products and Services Section. Product Name . Product Description . Grey Cement:
India's UltraTech now top shareholder in Ras Al Khaimah …
UltraTech Cement already owns 147 million shares, which is equivalent to 29.39 per cent equity or stake, in RAK White Cement before the takeover transaction.
Khaitan advises UltraTech Cement on majority stake …
The acquisition was made through secondary acquisitions and mandatory tender offer. UltraTech Cement Limited has struck a deal with N Srinivasan and his …
Billionaire Birla Fortifies Indian Cement Industry Lead With …
Indian billionaire Kumar Mangalam Birla's Ultratech Cement will buy 23% stake of India Cements for $226 million, solidifying its industry lead amid India's construction boom.
Elderly village man shocks internet with Rs 10 crore L&T and UltraTech …
However, if you take into consideration the actual amount, it could be roughly around Rs 10 crore. L&T Rs 8.05 cr, UltraTech - Rs 2.04 cr. According to the post, the elderly man possesses a substantial Rs 80 crores in L&T shares, Rs. 21 crores in Ultratech cement shares, and an additional Rs 1 crore in Karnataka bank shares.
Management Team
Mr. Ashish Dwivedi is the CEO of Birla White, the white cement business of UltraTech Cement Limited. He is a chemical engineer and an MBA. He has been with the Aditya …
Board of Directors
UltraTech Cement Limited. Mr. K. C. Jhanwar, managing director of UltraTech Cement Limited, is a veteran of the Aditya Birla Group with a career spanning more than 38 years in the Group. A chartered accountant by profession, Mr Jhanwar joined the Cement …
UltraTech Cement acquires majority stake in India Cements
Aditya Birla Group-owned UltraTech Cement board on Sunday approved the purchase of 32.72 per cent equity stake of the promoters and their associates in India Cements.This would make UltraTech Cement the majority shareholder in the south based cement manufacturer with a holding of 55% of the total shares. Ultra Tech had made a …
UltraTech Cement Limited
UltraTech Cement Limited is the cement flagship company of Aditya Birla Group. A USD 8.4 billion company, UltraTech is the largest manufacturer of grey cement, ready-mix concrete (RMC) and white cement in India. UltraTech is the third largest cement company in the world, excluding China, with a consolidated production capacity of 152.7 Million ...
Financials
Instrument Rating Agency Rating Non-Convertible Debentures (NCDs) CRISIL: CRISIL AAA/Stable: India Ratings and Research (Ind-Ra)
India Cements sale to not affect N Srinivasan-owned …
The proposed acquisition of India Cements (ICL) by UltraTech Cement, announced on Sunday (July 28), has stirred interest beyond the business domain. However, it has become clear that this deal will not affect cricket. The Chennai Super Kings, one of the most successful teams in the Indian Premier League (IPL), will continue to be owned …
Adani Group cement buyout is actually a bet on its …
Ambuja Cements owns 50.05% in ACC. Infra major Adani will be its biggest customer of its cement business ... UltraTech Cement ₹1.75 lakh crore : 119.95 million tonnes : Shree Cement
UltraTech-India Cements deal: Play for a strong foothold in …
UltraTech Cement's India Cements deal is a play for a stronger foothold in the South. Exactly a month after it acquired a 23 per cent stake from DMart founder, …
UltraTech Cement: The Engineer's choice
UltraTech Cement Ltd. is the largest manufacturer of grey cement, Ready Mix Concrete (RMC) and white cement in India. It is also one of the leading cement producers globally. UltraTech as a brand embodies 'strength', 'reliability' and 'innovation'. Together, these attributes inspire engineers to stretch the limits of their imagination to create homes, …
India's UltraTech tops Q3 profit view on price hikes, infra …
This is UltraTech Cement's first quarterly earnings after it bought Kesoram's, opens new tab cement assets for $645 million, aiming to add heft to its hold in southern India.
UltraTech to take over Kesoram's cement business in an all …
UltraTech Cement is set to acquire the cement business of BK Birla Group's flagship company Kesoram Industries in an all-share deal, with a business valuation of approximately Rs 7,600 crore ...
Demerger of Cement Business of Kesoram Industries Limited …
In terms of the Scheme, Kesoram will demerge its Cement Business into UltraTech. The Cement Business of Kesoram consists of 2 integrated cement units at Sedam (Karnataka) and Basantnagar (Telangana) with a total capacity of 10.75 mtpa. Out of this total capacity, 8.50 mtpa is clinker backed and 2.25 mtpa is surplus grinding capacity.
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