Page 6 - Ultratech Cement

Investment holding companies rally after Sebi delisting framework

The Securities and Exchange Board of India (Sebi) on Thursday announced that with the entire public shareholding being extinguished, the holdcos will be delisted

UltraTech picks up 23% in India Cements as sector battle hots up

Aditya Birla Group-owned UltraTech Cement to purchase 70.6 mn shares for non-controlling financial investment

India Cements deal will lead to further consolidation in cement sector

Cement major's domestic market share will increase by 2.3% after takeover

India Cements soars 10% as UltraTech to buy 23% stake; up 26% in 2 days

UltraTech Cement's board has approved making a financial investment to purchase up to 70.6 million equity shares of The India Cements

Market share of top 5 cement makers to rise to 55% by Mar 2025: ICRA

Top five domestic cement manufacturers could expand their market share to up to 55 per cent by March 2025, through organic and inorganic expansions, leading to further consolidation, said a report from rating agency ICRA. Helped by a healthy demand prospect, large companies operating in the cement sector are looking to increase their capacity and maintain market share, it said. "ICRA estimates that the market share of the top five cement companies witnessed a steep rise to 54 per cent as of December 2023, from 45 per cent as of March 2015, and expects it to further increase to 55 per cent by March 2025, resulting in consolidation in the cement industry," it said. While organic growth is expected to continue in the medium-term, cement companies are also preferring the inorganic route to boost capacities rapidly, leading to consolidation in the industry, it added. "Except the ACC and Ambuja acquisitions by the Adani Group, other mergers and acquisitions (M&As) were largely owing to .

Cement stocks rally up to 10% on Monday, Ultratech hits record; here's why

Cement stocks: The rally comes amid hopes of sustained push on infrastructure development and government-driven capex continuing in India

UltraTech Cement offers to acquire 31.6% in UAE-based RAK Cement Co

Aditya Birla group firm UltraTech Cement on Monday said it has made an offer to acquire a 31.6 per cent stake in UAE-based RAK Cement Co for White Cement and Construction Materials PSC (RAKWCT). This would be done by UltraTech Cement Middle East Investments Ltd (UCMEIL), a wholly-owned subsidiary of the Indian cement maker in the UAE. On April 15, UltraTech had informed that UCMEIL will invest in 29.39 per cent equity share capital of 'Ras al Khaimah Co. for White Cement and Construction Materials PSC' (RAKWCT), a company listed on the Abu Dhabi stock exchange. It had announced and investment of USD 101.10 million (around Rs 839.52 crore) for a 29.39 per cent equity that time. "We now write to inform you that UCMEIL has notified its intention of making a partial conditional cash offer for acquiring 158,049,610 shares, representing 31.6 per cent of the issued and paid-up share capital of RAKWCT," it said. This will be in accordance with Article 10 of the decision of the chairman of

UltraTech stock at Rs 11,500? Check latest target price post Q4FY24 results

The shares, on Tuesday, jumped over 2.38 per cent to hit an intraday high of Rs 10,200 apiece, following the result announcement

Stock Market Highlights, April 29: Sensex soars 941 pts led by ICICI Bk, SBI; Nifty nears 22,650

Stock market highlights on April 29, 2024: ICICI Bank led the banking index with the gains of over 4.30 per cent. ICICI Bank was also the top gainer on both BSE and NSE, when the market closed

UltraTech Cement buys grinding unit from India Cements, announces expansion

Aditya Birla group company UltraTech Cement has announced the acquisition of a grinding unit from India Cements for Rs 315 crore and said it will invest an additional Rs 504 crore to expand capacity of two units. In a stock exchange filing, UltraTech said its board has approved acquisition "of a grinding unit having installed capacity of 1.1 million tonnes per annum in addition to a captive railway siding at Parli, Maharashtra from The India Cements Limited... for a consideration of Rs 315 crores". The company said it has entered into an Asset Purchase Agreement with the seller. "This purchase will help the Company to strengthen its presence in the rapidly growing Maharashtra markets." Making a similar regulatory filing, The India Cements said out of the total consideration of Rs 315 crore (exclusive of taxes and levies), "Rs 307 crore will be received by the company shortly and the balance Rs 8 crore within nine months from the date of the agreement." The unit being sold had a ...

UltraTech to acquire India Cements' 1.1 mtpa grinding unit for Rs 315 cr

Strengthening its market in Maharashtra, UltraTech Cement will secure a grinding unit with a capacity of 1.1 million tonnes per annum, including a captive railway siding, from India Cements

UltraTech Cement to invest Rs 32,400 crore in the next three years

Commissions two greenfield plants adding 5.4 mtpa in Chhattisgarh and Tamil Nadu

UltraTech Cement receives CCI's approval to acquire Kesoram Cement

Fair trade regulator CCI on Tuesday granted approval to UltraTech Cement's proposed acquisition of Kesoram Cement Business from Kesoram Industries. Kesoram Industries is engaged in the manufacture of grey cement through the Kesoram Cement Business. The proposed combination relates to the acquisition of the grey cement business of Kesoram Industries Limited by UltraTech Cement Ltd pursuant to a composite scheme of arrangement dated November 30, 2023, according to a release. The Competition Commission of India (CCI) said it has cleared the deal. UltraTech is a public-listed company in and is engaged in the business of the manufacture and sale of grey cement, white cement, ready-mix concrete, clinker, and building products in India. The company is also engaged in the provision of building solutions in India. It is a subsidiary of Grasim Industries Ltd. In November last year, UltraTech Cement announced it was set to acquire the cement business of BK Birla Group's flagship company Kes

Expected Infrastructure push sets South India's cement market in motion

Industry majors and analysts expect the rise in overall infrastructure capital outlay in the Interim Budget to Rs 11.11 trillion in 2024-25

Cement shares soar up to 17%; ACC, Birla Corp, JK Lakshmi hit 52-week highs

Analysts believe cement demand would remain healthy aided by expedited pre-election government spend, continued focus of infrastructure development.

Shah Rukh Khan vs Sunny Deol in the battle for India's cement demand

Celebrities become the face of an industry evolving with rising demand and changing consumer patterns

Cement sales growth in Q3 subdued at 3-4%, say industry executives

Industry executives attributed the impact on demand to a host of factors, including floods in South India, construction bans in the National Capital Region, and fiscal challenges in Bihar, Jharkhand

Outlook healthy for UltraTech amidst higher competition, revenue grows 8%

The management estimates that capacity utilisation will improve to 80-85 per cent in Q4 from 77 per cent in Q3. Demand has recovered, except in the North

RIL, Asian Paints, Axis Bank: Key levels to watch out for post Q3 results

As stocks turn volatile post Q3 results, watch out for these key levels on the likes of ICICI Bank, Hindustan Unilever, CoForge and UltraTech Cement among others and plan your trading strategy.

UltraTech Cement Q3 results: Net profit surges 68% on lower fuel costs

Lower costs help profits, despite weak growth in volumes