Fitch assigns ‘Neutral’ rating to UltraTech post stake buy in India Cements
The agency expects consolidation in India’s cement industry to continue in the medium term.
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RK Damani sells 6.91 cr shares of India Cements to UltraTech for ₹1,914 cr; stock falls 3%
Radhakishan Damani, the founder of DMart chain of hypermarkets, sold around 24% stake in India Cements to Ultratech Cement via block deals yesterday.
UltraTech to acquire 23% stake in India Cements for ₹1,885 cr; stocks hit their 52-week highs
UltraTech to buy up to 7.06 crore equity shares of India Cements at ₹267 per share, amounting to ₹1,885 crore.
UltraTech Cement offers to acquire 31.6% stake in UAE-based RAKWCT; stock rises
This acquisition will be executed through UltraTech's wholly-owned UAE subsidiary, UltraTech Cement Middle East Investments Ltd (UCMEIL)
UltraTech Cement Q4 profit surges 35% to ₹2,258 cr; stock up 3%
For the full year, the consolidated net profit after tax stood at ₹7,005 crore, up 38%, as against ₹5,064 crore in FY23.
UltraTech to commission 2 new units to surpass 150 mtpa capacity
UltraTech Cement says it will invest ₹32,400 crore towards ongoing capex over the next three years.
UltraTech’s board approves ₹13,000 cr capex for capacity expansion; stock rises 2%
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.
Ultratech Cement Q2 profit jumps 69%; revenue up by 15%
Ultratech's revenue from operations stood at ₹16,012.13 crore, up 15% YoY as against ₹13,892.69 crore in the corresponding period of the previous year.
Cementing UltraTech’s Future
K.C. Jhanwar focused on innovation, digitisation, and long-term cash flows to help India’s largest cement manufacturer tide over market downturns.
Ultratech Cement Q1 profit up 6.7% to ₹1,688.5 cr, revenue surges 16.9% on robust demand
The company's EBITDA (earnings before income, tax, depreciation and amortisation) stood at ₹3,223 crore in Q1 of FY23
