Page 8 - Ultratech Cement

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

Sensex trims losses, ends 107 pts down; Nifty below 19,650; NTPC soars 4%

CLOSING BELL ON JULY 28, 2023: NTPC and PowerGrid were the major gainers among the Sensex 30 stocks, while Bajaj Finserv and HDFC Bank declined up to 2 per cent on Friday.

UltraTech Cement Q1 results: Net profit jumps 6.5%, revenue up 16.9%

The profit before interest, depreciation and tax was Rs 3,223 crore, compared to Rs 3,204 crore year-on-year (YoY)

Ultratech Cement's Q1 profit rises 6.6% on strong domestic demand

Consolidated net profit for the quarter ended June 30 came in at Rs 1,688 crore ($205.8 million), compared with Rs 1,584 crore a year earlier

Stocks to watch: RIL, Infosys, HUL, Ultratech Cement, Union Bank, L&T, DLF

Stocks to watch on July 21, 2023: From Reliance Industries to Infosys, check out the top stocks to watch in Friday's trading session

Demand revival hopes, lower costs driving optimism for UltraTech Cement

While India's largest cement maker is adding capacities to gain market-share, margins are also seen improving

UltraTech Cement hits record high; gains 2% on strong sales volume in Q1

UltraTech's consolidated sales volume rose 19.6 per cent YoY at 29.96 mt, where domestic grey/white cement sales volume grew by ~20 per cent/11 per cent YoY, respectively.