Jhanwar Cements UltraTech’s Dominance
Spate of acquisitions and organic expansion make UltraTech the top cement company in the country.
Spate of acquisitions and organic expansion make UltraTech the top cement company in the country.
Expansion, Acquisitions to catapult India’s largest cement maker to 200 MTPA
This financing is the company’s second sustainability-linked initiative, following the $400 million bond issue in 2021.
The top gainers on the BSE Sensex pack were Ultratech Cement, M&M, Bajaj Finserv, L&T, and Bajaj Finance.
This is the second deal in two days after the Aditya Birla Group company acquired 0.54 mtpa cement grinding assets of Burnpur Cement for ₹169.79 crore on November 29.
The Aditya Birla Group company proposes to increase its cement capacity by another 21.9 MTPA with a mix of brown field and green field projects.
Legacy conglomerates grab emerging opportunities to ride the next decade of growth.
UBS believes inorganic proposition is not value accretive given the combination of overcapacity and weak demand
The cement maker's board recommended a dividend of ₹38 per equity share.
Global presence across multiple businesses ensures that he is readying the business for perpetuity.