UltraTech Cement

Leading cement maker UltraTech on Monday said it has become the first Indian company to cross 2 GW of captive green power capacity after commissioning a 116.55-MW wind energy project in Barmer, Rajasthan. The Aditya Birla Group flagship company has also commissioned 10 MW of Waste Heat Recovery System (WHRS) capacity at Sarlanagar Cement Works, its integrated manufacturing unit in Karnataka. "With this, UltraTech's cumulative installed green energy capacity has reached 2,024 MW, making it the first cement company in India to commission over 2 GW of green energy capacity for captive use," the company said in a statement. UltraTech's current green energy capacity of 2,024 MW comprises 1,580 MW of renewable energy capacity and 444 MW of WHRS capacity. "Together, these meet about 48 per cent of the company's current power requirements," it said. The milestone reflects the cumulative impact of UltraTech's multi-pronged energy transition strategy. So far in FY27, nearly a third of ...

Mayank Jain of Share.Market by PhonePe flags key support and resistance levels for wires & cables stocks - Polycab, Havells India and KEI amid market correction post UltraTech's 'Ultravolt' launch.

When a stock becomes oversold, it does not automatically mean it is a good time to buy, cautions Pabitro Mukherjee, Deputy Vice President-Research at Bajaj Broking.

Brokerages believe the positioning appears more aggressive than initially envisaged, also tallying with Grasim's rollout in paints, and could add materially to UltraTech's FY30 revenue.

Nuvama said UltraTech's scale ambition could intensify industry competition and its aggressive posturing on capacity, portfolio, and distribution could drive an interim de-rating for C&W industry

Pilani Investment sold a 0.85 per cent stake in UltraTech Cement for Rs 2,896.3 crore, while Thyrocare promoter Docon Technologies sold a 9.9 per cent stake.

According to reports, Pilani Investment and Industries Corporation one of the promoters planned to sell a stake via block deal in UltraTech Cement on Thursday.

Leading cement makers recorded 7-8 per cent volume growth in Q1FY27, but higher fuel, packaging and other input costs offset price gains and weighed on profitability

It is targeting ₹1,500 crore each in the shorter two tranches at ‌annual coupons of 7.22 per cent and 7.23 per cent, respectively, and ₹2,000 crore in the five-year tranche at 7.25 per cent

The cement major will issue up to 500,000 unsecured, listed and redeemable debentures through private placement as it advances a ₹17,000 crore capacity expansion plan

UltraTech Cement on Thursday said it is planning to raise up to Rs 5,000 crore through issuance of non-convertible debentures (NCDs) on a private placement basis. The Finance Committee of the board approved a proposal to raise funds by issuance of up to 5,00,000 non-convertible, non-cumulative debentures of Rs 1,00,000 each, it said in a BSE filing. Further details regarding the tenure, coupon rate and timeline of the tranches are awaited. Earlier this week, UltraTech Cement reported a jump of 17.23 per cent in June quarter consolidated net profit at Rs 2,603.72 crore and 15.85 per cent rise in revenue from operations at Rs 24,648.20 crore. UltraTech leads the cement industry with a total grey cement capacity of 205.5 MTPA and white cement/putty capacity of 3.2 MTPA. It is also planning to foray into the cables and wires business this fiscal.

UltraTech beat Street estimates in Q1FY27, with strong volume growth and stable margins, while management remains confident of sustaining double-digit growth in FY27

Muthuselvaraj M, technical research analyst, Mirae Asset Sharekhan believes that UltraTech Cement stock can gain in the short- to medium-term as momentum indicators are showing strength on the chart.

UltraTech Cement reported a 16.8 per cent increase in net profit for the first quarter to ₹2,599.3 on a year-on-year basis. Revenue for the quarter was up 15.9 per cent to ₹24,648.20 crore.

Revenue from operations rose 15.9 per cent to ₹24,648.20 crore, while domestic sales volumes increased 13.1 per cent and capacity utilisation stood at 81 per cent

Q1FY27 company results: Firms including Indian Overseas Bank, Sobha, Mahindra Logistics, Canara HSBC Life Insurance Company, and Rallis India are also to release their April-June earnings today

On the overall market set-up, Ajit Mishra, SVP - Research at Religare Broking reckons to maintain a 'Buy-on-dips' approach, with a preference for relatively stronger stocks across sectors.

While cement demand remains resilient and volumes are growing, rising input costs, capacity additions and geopolitical risks could weigh on profitability

Rising fuel and packaging costs linked to the conflict may weigh on the sector's margins

Strong Q4 performance, rising margins and aggressive capacity expansion plans position UltraTech Cement to sustain growth, aided by robust demand outlook and cost discipline