Page 4 - Ultratech

UltraTech commits to Net Zero Concrete Roadmap announced by GCCA

Leading cement maker UltraTech on Tuesday announced its commitment to the GCCA 2050 Cement and Concrete Industry Roadmap for Net Zero Concrete

Ultratech emerges as preferred bidder for limestone block in MP

Ultratech Ltd has emerged as preferred bidder for a limestone block in Madhya Pradesh. Ramstahn Ghunchihai limestone mine, which has reserves of 209.77 million tonnes, was auctioned in the current fiscal. The limestone mine is among five mineral blocks that have been successfully put for sale in 2021-22, according to the mines ministry. Sree Jayajothi Cements Pvt Ltd has emerged as preferred bidder for another limestone block in Andhra Pradesh. Three companies, Patel Kaushik Kumar, Karan Polabhai Gojiya and Ramsi Meramanbhai Barad, bagged one bauxite mine each in Gujarat, according to the mines ministry. Of the 13 mineral blocks auctioned in the last fiscal, nine were limestone mines, two were gold mines and one was iron ore block. Forty-three mineral blocks were put for sale in FY20, 19 mines in 2018-19, 14 in 2017-18, 15 blocks in 2016-17 and six block in 2015-16. The government had earlier said that it was planning to bring some changes in the mining sector. This was in line

Earnings of cement, FMCG, aviation cos at risk as oil, coal prices rise

In a recent report, analysts at Goldman Sachs suggested they see Brent crude oil prices at $90 per barrel by December 2021 on the back of a larger-than-expected demand-supply deficit

UltraTech joins RE100 initiative, aims 100% renewable energy usage by 2050

The country's leading cement maker UltraTech Cement on Thursday said it has joined the RE100 initiative and targets 100 per cent renewable energy usage by 2050.

Higher volumes, price hikes put cement firms on strong footing

Cement is among the few sectors witnessing strong demand and pricing power

Indices gain but coronavirus fears weigh on sentiment; UltraTech up 4%

A depreciating trend in the rupee also weighed on risk sentiment, traders said

UltraTech Cement prepays long-term loan of Rs 5,000 crore loan

UltraTech Cement on Tuesday said it has prepaid its long-term loans of Rs 5,000 crore

Ports, roads, steel: 5 companies step up investments as economy recovers

India is focusing on improving its infra as the economy recovers after the coronavirus pandemic. A look at at what Tata Group, L&T, Adani Ports, Ultratech Cement, and JSW Steel plan to do

Sensex, Nifty extend record run on vaccine booster; Ultratech Cement up 4%

European equities marched higher after the UK became the first country to approve the Covid-19 vaccine developed by AstraZeneca and Oxford University

UltraTech Cement shares close with over 4% gain on investment plan

The country's largest cement maker on Thursday announced a Rs 5,477-crore investment to add 12.8 million tonnes (MT) capacity

Volume growth, realisations and cost controls help UltraTech beat estimates

Despite being twice the size of ACC, UltraTech's domestic sales volume at 18.52 million tonnes (MT) grew 20 per cent year-on-year

Fresh demand for cement seen improving in FY21: Atul Daga of Ultratech

In a Q&A, the CFO of the firm says he sees a spike in costs as it looks to spend on marketing, advertising and branding in the coming months

Hindalco to supply 1.2 mn tonne red mud to Ultratech in new deal

Move will help cement maker reduce dependence on natural resources and promote circular economy; Red mud is a waste product generated in alumina production

Covid-19 impact: Nifty50 scorecard shows worst profit slump in 6 years

Profits at NSE Nifty 50 Index members fell about 15% last quarter from the same period last year, the worst drop since at least 2014, according to Bloomberg-compiled data.

Earnings drought

Corporate results would get a lot worse in the coming quarters

UltraTech is now Asia's second-most valuable cement company by m-cap

UltraTech and Shree Cement now together account for a fifth of the combined m-cap of Asia's leading listed cement makers, against their 6 per cent share in industry's revenues

Soft demand weighs on UltraTech's Q3 volumes; misses Street expectations

Declining costs, recent uptick in cement prices, improving utilisation levels and turnaround of acquisitions should drive future performance

Shree Cement, UltraTech likely to benefit from any uptick in demand

While UltraTech and Shree Cement have risen 13-16 per cent since their December lows, ACC and Ambuja Cements have lagged, with gains of 6-9 per cent

UltraTech Cement: Street watchful on valuations of new acquisition

Post consolidation of Century and Binani Cement assets, new acquisitions at stretched valuations may not bode well, say analysts

UltraTech to sell stake in Bangladesh-based units to HeidelbergCement

UltraTech Cement had a revenue of Rs 35,703.50 crore in 2018-19 financial year