Softer volume growth and rising coal and petcoke costs were a dampener, but efficiency improvements provide some support to operating performance; road ahead looks good
With regular expansion, it has moved ahead of LafargeHolcim, which has been busy restructuring its India business
With JP acquisition, the Aditya Birla Group firm has taken a big leap ahead of its arch rival Holcim
Net sales up 4% to Rs 6,538 cr; Stock price nears 52-week high on Tuesday, ends marginally up at Rs 3,505.90 on BSE
Acquisition of JP group's cement assets will enhance market share, but it's likely to be earnings-dilutive initially
Acquisition of Jaiprakash group's cement assets at attractive valuation will give the firm entry in new markets
Under revised deal, UltraTech will buy 21.2 mt of cement capacity; excludes a 1.2 mt a plant in Karnataka