Page 7 - Ultratech Cement

UltraTech Cement Q3 sales up 6% to 27.3 MT, overseas production up 20%

Leading cement maker UltraTech's consolidated sales rose by 6 per cent to 27.32 million tonnes (MT) year-on-year in the third quarter ended December 31, 2023. The total sales volume in the domestic market was up 5 per cent to 26.06 MT during the quarter under review, the Aditya Birla Group firm said in a regulatory filing. The company's grey cement production in the domestic market was at 25.44 MT in the October-December quarter FY24, reporting 5 per cent growth, while its white cement production was 0.48 MT, up 14 per cent. UltraTech's overseas production, mainly grey cement, was 1.38 MT in Q3/FY24, up 20 per cent, the statement added. The Aditya Birla Group firm has a consolidated capacity of 138.39 million tonnes per annum (MTPA) of grey cement. It has 23 integrated manufacturing units, 29 grinding units, one clinkerisation unit and eight Bulk Packaging Terminals. UltraTech is the third largest cement producer in the world, excluding the China market.

Cement shares zoom up to 5%; UltraTech joins Rs 3 trillion market cap-club

Nomura estimates margins to expand on stronger volume growth, pricing discipline and relatively lower fuel cost

UltraTech eyeing Volume expansion in south, unlikely to disturb prices

Deal with Kesoram Industries likely to add 10.75 million tonnes capacity under UltraTech Cement's fold

UltraTech to have 85% green energy mix by 2030 to meet sustainability goals

The largest cement and ready-mix concrete maker Ultratech Cement on Wednesday announced that it plans to increase the overall share of green energy in its total energy mix to 85 per cent by 2030. As an interim target for its sustainability objectives and targets, the AV Birla Group company plans to increase its total green energy share from its current 22 per cent to 60 per cent by FY26. Currently the company has 691 MW of green energy capacity, which includes 262 MW of WHRS (waste heat recovery system) installed capacity and 429 MW of contracted renewable energy. This translates to about 22 per cent of its current energy requirements. "As the country's largest cement maker, it is our responsibility to lead the way in building a more sustainable and green future for the industry by decarbonization. We've been constantly scaling up our green energy mix over the years," said KC Jhanwar, the managing director. Ultratech targets to meet 100 per cent of its electricity requirement throu

UltraTech hits new high, nears Rs 10,000-mark; stock up 6% in two days

A sharp surge in the stock price has seen the market capitalisation of this Aditya Brila Group firm near the Rs 3 trillion mark, BSE data shows.

Stocks to Watch today: Flair Writing, UltraTech, Kesoram, Honasa, Whirlpool

Stocks to watch on Friday, December 01, 2023: Flair Writing to debut today. UltraTech and Kesoram in focus post all-stock merger deal.

UltraTech to buy Kesoram Industries' cement business in all-stock deal

UltraTech said Kesoram had decided to demerge its cement business and approached UltraTech Cement in relation to it

UltraTech Cement to buy Kesoram's cement business in $645 million deal

As a part of the deal, UltraTech will issue one share for every 52 shares of Kesoram and give UltraTech ownership of two integrated cement units in states of Karnataka and Telangana

Cement sector on solid growth path; lower costs should support margins

India's largest cement maker, UltraTech saw an amazing 15.4 per cent volume expansion Y-o-Y, given the season and its scale

Stock of this B K Birla group company has zoomed 75% in four weeks

Kesoram Industries hit a 52-week high of Rs 129.43, gaining 5 per cent, on report that UltraTech Cement has expressed interest in acquiring cement assets of the company

Hit by regional factors, cement makers witness uneven volume growth in Q2

Dalmia Cement, a dominant player in the East Indian market attributed its lower growth volumes to the lingering impact of a failed strategy tried in the June-23 ended quarter

UltraTech to invest Rs 13,000 cr to add production capacity by 21.9 MTPA

Cement maker UltraTech on Saturday announced a fresh investment of Rs 13,000 crore to add production capacity by 21.9 million tonnes per annum in the third phase of the growth, taking its total capacity to 182 MTPA after completion. The board of the Aditya Birla Group flagship firm "approved the 3rd phase of growth with an investment of Rs 13,000 crore towards increasing the capacity by another 21.9 MTPA with a mix of brownfield and greenfield projects," said a statement from the company. The company has an existing capacity of 132.45 MTPA of domestic grey cement. "Post commissioning of the 3rd phase of expansion, approved by the Board today, UltraTech will be strongly placed across the country with 35.5 MTPA in south; 40.4 MTPA in east; 36.2 MTPA in north; 35.7 MTPA in central and 33.8 MTPA in the west," it added. This will be achieved by setting up 4 greenfield and 4 brownfield plants along with 4 greenfield bulk terminals. "Commercial production from these new capacities is ...

UltraTech Cement's stock continues to be an attractive proposition

While Q2 was decent despite seasonally weak, higher prices and operating leverage point to better prospects

Stocks to Watch today: HUL, ITC, Zomato, Paytm, UltraTech, Dixon, MphasiS

Stocks to watch on Friday: Shares of ITC and Hindustan Unilever will react to Q2 results today; while the former posted 6 per cent growth in net, the latter's consolidated net was down on a YoY basis.

UltraTech Q2FY24 results: Net profit up 69% to Rs 1,281 cr, beats estimates

Cement demand maintained its positive momentum during Q2FY24, UltraTech said in a press statement

Ultratech Cement Ltd Q2FY24 result: Net profit jumps 68% YoY to Rs 1,280 cr

The revenue from operations for Q2FY24 came in at Rs 16,012.13 crore, compared to Rs 13,892.69 crore year-on-year

Result preview: Cement companies may report firm profit growth for Q2

Stable prices and costs to help earnings report a higher growth over a low profitability base of last year

Stocks to Watch today: Vedanta, JSW Infra, UTI AMC, Autos, MGL, Adani Green

Stocks to Watch on Tuesday, October 3, 2023: JSW Infrastructure will debut on the bourses on October 3, 2023

UltraTech Cement's consolidated sales up 15% to 26.69 MT in 2nd quarter

UltraTech Cement's consolidated sales rose 15.54 per cent to 26.69 million tonne (MT) year-on-year in the second quarter ended September 30, 2023. The company produced 23.10 MT cement in July-September period a year ago, the Aditya Birla Group firm said in a sales volume data filed on bourses. Total sales volume in the domestic market was up 15.37 per cent to 25.66 MT during the quarter under review. It was 22.24 MT in Q2/FY23. Its grey cement production in the domestic market was at 25.24 MT in September quarter FY24, reporting 15.46 per cent growth, while its white cement production was 0.42 MT, up 10.52 per cent. UltraTech's overseas production, mainly grey cement was 1.18 MT in Q2/FY24, up 21.64 per cent. The company has a consolidated capacity of 137.85 million tonne per annum (MTPA) of grey cement. It has 23 integrated manufacturing units, 29 grinding units, one clinkerisation unit and eight Bulk Packaging Terminals. UltraTech is the third largest cement producer in the wor

With infrastructure boom, cement companies build strategies to tap demand

Ready-mix concrete is another segment, which cement companies are expanding into to tap the infrastructure demand growth