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UltraTech Cement Ltd.

BSE: 532538 Sector: Industrials
NSE: ULTRACEMCO ISIN Code: INE481G01011
BSE 15:59 | 17 Jan 4542.50 -1.40
(-0.03%)
OPEN

4536.00

HIGH

4592.00

LOW

4500.00

NSE 15:59 | 17 Jan 4544.25 -0.85
(-0.02%)
OPEN

4542.00

HIGH

4599.90

LOW

4498.95

OPEN 4536.00
PREVIOUS CLOSE 4543.90
VOLUME 5797
52-Week high 4594.30
52-Week low 3335.05
P/E 48.29
Mkt Cap.(Rs cr) 124,719
Buy Price 0.00
Buy Qty 0.00
Sell Price 0.00
Sell Qty 0.00
OPEN 4536.00
CLOSE 4543.90
VOLUME 5797
52-Week high 4594.30
52-Week low 3335.05
P/E 48.29
Mkt Cap.(Rs cr) 124,719
Buy Price 0.00
Buy Qty 0.00
Sell Price 0.00
Sell Qty 0.00

UltraTech Cement Ltd. (ULTRACEMCO) - Company History

UltraTech Cement Ltd is an India-based company engaged in the production of cement. The company manufactures and markets Ordinary Portland Cement Portland Blast Furnace Slag Cement and Portland Pozzalana Cement. They also manufacture ready mix concrete. They are having 11 integrated plants one white cement plant 12 grinding units and five terminals - four in India and one in Sri Lanka. The company is the subsidiary of Grasim Industries LtdThe company is the country's largest exporter of cement clinker. The export markets span countries around the Indian Ocean Africa Europe and the Middle East. The export market comprises of countries around the Indian Ocean Africa Europe and the Middle East. The company's subsidiaries are Dakshin Cements Ltd UltraTech Cement Lanka Pvt Ltd and UltraTech Cement Middle East Investments Ltd. UltraTech Cement Ltd was incorporated on August 24 2000 as a public limited company with the name L&T Cement Ltd as a 100% subsidiary of Larsen & Toubro Ltd. In November 2003 the name of the company was changed from L&T Cement Ltd to UltraTech ChemCo Ltd. In the year 2004 pursuant to the scheme of arrangement the cement business of Larsen & Toubro Ltd was de-merged and got transferred to the company with effect from April 1 2003. In May 14 2004 the company acquired four crore equity shares of Larsen & Toubro Ceylino (Pvt) Ltd from Larsen & Toubro Ltd at an aggregate consideration of Rs 23.03 crore.In July 2004 Grasim Industries Ltd acquired management control of the company and in October 14 2004 the name of the company was changed from UltraTech ChemCo Ltd to UltraTech Cement Ltd. Also Narmada Cement Company Ltd became a subsidiary of the company by virtue of the scheme of arrangement for de-merger of cement business of Larsen & Toubro Ltd.During the year 2005-06 the company increased the production capacity of Cement from 155 lakh tonnes to 170 lakh tonnes. As per the scheme of amalgamation Narmada Cement Company Ltd was amalgamated with the company. Thus the entire undertaking of Narmada Cement Company Ltd was transferred to the company with effect from October 1 2005.During the year 2007-08 the company increased the production capacity of Cement from 170 lakh tonnes to 182 lakh tonnes. They set up 15 Ready Mix Concrete plants across the country. In March 2008 the Clinkerisation (pyrosection) unit at Andhra Pradesh Cement Works (APCW) was commissioned. During the year 2008-09 the company increased the production capacity of Cement from 182 lakh tonnes to 219 lakh tonnes as a result of expansion of capacity at the company's unit at Andhra Pradesh Cement Works (APCW) together with a new split grinding unit at Ginigera Karnataka. They commenced commercial production of cement from their unit in APCW and grinding unit at Ginigera. During the year the company commissioned 192 MW captive TPPs at their units at APCW Hirmi Cement Works (HCW) in Chhattisgarh and Gujarat Cement Works (GCW) in Gujarat in a phased manner. Also they set up new Ready Mix Concrete (RMC) plants and thus increased the RMC capacity to 4.76 million cubic metres per annum. During the year 2009-10 the company increased the production capacity from 219 lakh tonnes to 231 lakh tonnes. They incorporated a wholly-owned subsidiary company in UAE in the name of UltraTech Cement Middle East Investments Ltd. In May 2010 the cement business of Grasim Industries Ltd was de-merged and vested in Samruddhi Cement Ltd. In July 2010 Samruddhi Cement Ltd was amalgamated with the company. During the year 2010-11 the company's wholly-owned subsidiary UltraTech Cement Middle East Investments Ltd completed the acquisition of ETA Star Cement (ETA) and acquired management control of ETA's operations in the UAE Bahrain and Bangladesh. The company's capacity stands augmented to 52 MMTPA placing it among the top 10 cement companies in the world due to the merger and acquisition.In 2012 the company has acquired 100 per cent equity shares of Gotan Limestone Khanij Udyog Pvt Ltd (GKUPL) Rajasthan. The company proposes to acquire the Gujarat Cement Unit of 4.8mtpa of Jaypee Cement Corporation Limited in Gujarat. In 2014 UltraTech Cement Welcomes New Network of Gujarat Cement Dealers. UltraTech Cement Limited completed acquisition of Cement Units of Jaiprakash Associates Limited. In 2015 UltraTech Cement commissions clinkerisation plant at Rajasthan.