The 3rd line at Aditya Cement Rajasthan commissioned in March 2015 will cater to the clinker requirement of this plant. The (above) calculated return corresponds to the past 10-year history of UltraTech Cement Limited (ULTRACEMCO). Earlier on 28 February 2016 UltraTech Cement announced that it had entered into a binding Memorandum of Understanding (MoU) with Jaiprakash Associates for the acquisition of its identified cement plants having total capacity of 22.4 mtpa situated in Madhya Pradesh Uttar Pradesh Himachal Pradesh Uttarakhand Andhra Pradesh and Karnataka at an enterprise value of Rs 16500 crore. On 12 May 2017 UltraTech Cement announced that it has commissioned a 0.3 mtpa slag cement manufacturing capacity at its existing facilities at Patliputra in Bihar. -Narmada Cement Company Limited amalgamated with UltraTech pursuant to a Scheme of Amalgamation being approved by the Board for Industrial & Financial Reconstruction (BIFR) in terms of the provision of Sick Industrial Companies Act (Special Provisions) - Formerly known as Ultratech … Later it was demerged and acquired by Grasim and was renamed as Ultra Tech Cement in 2004. On 19 March 2018 UltraTech Cement announced that the company has in-principle concluded commercial understanding with Binani Industries Limited (BIL) for purchase of BIL's entire stake of 98.43% in Binani Cement Limited (BCL) subject to termination of insolvency proceedings against BCL entering into definite agreement and other customary and regulatory approvals. During the year 2008-09 the company increased the production capacity of Cement from 182 lakh tonnes to 219 lakh tonnes as a result of expansion of capacity at the company's unit at Andhra Pradesh Cement Works (APCW) together with a new split grinding unit at Ginigera Karnataka. The state of the art plant built at a cost of Rs 1250 crore can run on all kinds of fuel. This will enable GKUPL to take possession and operate the mines.On 28 August 2015 UltraTech Cement announced that it has commissioned a bulk terminal with a capacity of 2 mtpa in Pune Maharashtra. At that time UltraTech Cement also announced that the company and Jaiprakash Associates have agreed to exclude the 1.2 mtpa capacity in Karnataka as envisaged earlier. On 7 July 2016 UltraTech Cement announced that the company participated in the auction of coal linkages for the cement sector in Maharashtra and secured 52000 TPA of G10 grade coal at basic floor price of Rs 1510 per ton and premium of Rs 20 per ton. It has a white cement plant with a capacity of 0.68 MTPA and 2 WallCare putty plants with a combined capacity of 0.85 MTPA. In July 2010 Samruddhi Cement Ltd was amalgamated with the company. Ahead of the announcement, shares of Ultratech Cement closed at Rs 4,892.25 apiece, down 0.80 per cent, on the Bombay Stock Exchange on … UltraTech Concrete is committed to producing high-quality as well as cost-effective products, to suit every demand. With 100+ Ready Mix Concrete (RMC) plants in 39 cities, UltraTech is the largest manufacturer of concrete in India. Find here UltraTech Cement, Ultratech Concrete Cement dealers, retailers, stores & distributors. UltraTech is a founding member of the Global Cement & Concrete Association. Later it was demerged and acquired by Grasim and was renamed as Ultra Tech Cement in 2004. Stock analysis for UltraTech Cement Ltd (UTCEM:Natl India) including stock price, stock chart, company news, key statistics, fundamentals and company profile. This will increase its capacity to 136Mt/yr from 123Mt/yr, at a cost of US$743m. BIL will use the letter of comfort issued by UltraTech Cement as a support in its application seeking termination of the insolvency proceedings against BCL. UltraTech Cement Ltd. - ADR (UCLQF) Payout Estimation Logic Estimates are provided for securities with at least 5 consecutive payouts, special dividends not included. UltraTech Cement is also India's largest exporter of cement reaching out to meet the demand in countries around the Indian Ocean and the Middle East. On 20 February 2015 UltraTech Cement announced that it has won the auction conducted for a coal block at Bicharpur situated in Madhya Pradesh. UltraTech Cement is also India's largest exporter of cement reaching out to meet the demand in countries around the Indian Ocean and the Middle East. Its operations span across India, UAE, Bahrain, Bangladesh and Sri Lanka. Find the latest ULTRATECH CEMENT (ULTRACEMCO.NS) stock quote, history, news and other vital information to help you with your stock trading and investing. UltraTech Concrete is India’s largest and the world’s 10th largest concrete manufacturer, powering some of the biggest infrastructure projects across the country. ULTRATECH CEMENT LTD Analysis . Never miss a great news story! Its operations span across India UAE Bahrain Bangladesh and Sri Lanka. During the year 2010-11 the company's wholly-owned subsidiary UltraTech Cement Middle East Investments Ltd completed the acquisition of ETA Star Cement (ETA) and acquired management control of ETA's operations in the UAE Bahrain and Bangladesh. On Friday, shares of UltraTech Cement Ltd rose 5% to a new 52-week high of Rs 5,199 after the Aditya Birla Group Cement Flagship Company announced an investment of … The product entered the market with the tagline “The Engineers Choice.” Company History - UltraTech Cement 1983 -Awarpur Cement Works Plant I 1987 Awarpur Cement Works Plant II 1993 … In the year 2004 pursuant to the scheme of arrangement the cement business of Larsen & Toubro Ltd was de-merged and got transferred to the company with effect from April 1 2003. It is also one of the leading cement producers globally. The plant will cater to the markets in western Rajasthan where UltraTech does not have a significant presence. | Page 1 Thus the entire undertaking of Narmada Cement Company Ltd was transferred to the company with effect from October 1 2005.During the year 2007-08 the company increased the production capacity of Cement from 170 lakh tonnes to 182 lakh tonnes. It operates 20 integrated units, 26 grinding units, seven bulk terminals and one clinkerisation plant for grey cement, one integrated white cement unit, two wallcare putty plants and over 100 RMC plants. Get detailed shareholding pattern of ULTRACEMCO. UltraTech Cement has 23 integrated plants, 1 clinkerisation plant, 26 grinding units and 7 bulk terminals. In 2015 the court passed the Mines and Mineral Development and Regulation Act after which the company began to make plans to acquire several cement plants as a whole by acquiring Jaiprakash Associates. On 26 February 2016 UltraTech Cement announced the withdrawal of the Scheme of Arrangement between the company and Jaiprakash Associates (JAL) for the acquisition of JAL's entire cement business including mining leases situated at Bela and Siddhi in Madhya Pradesh as a going concern on a slump exchange basis. It is also one of the leading cement producers globally, and the only cement company globally (outside of China) to have more than 100 million tonne capacity in one country. UltraTech Cement said at that time that it will take appropriate action after examining the CCI order fully. The Board of Directors of UltraTech Cement at its meeting held on 9 December 2017 approved the setting up of a 3.5 mtpa integrated cement plant at Pali Rajasthan at an investment of around Rs 1850 crore. The company has an installed capacity of 93 Million Tonnes Per Annum (MTPA) of grey cement. They set up 15 Ready Mix Concrete plants across the country. It has a white cement plant with a capacity of 0.56+ MTPA and 2 Wall-Care putty plants with a combined capacity of 0.8+ MTPA. On 30 September 2015 UltraTech Cement announced that it has commissioned a cement grinding unit with a capacity of 1.6 mtpa at Dankuni in West Bengal. UltraTech Cement Dividends - Check all the details of UltraTech Cement Dividends on The Economic Times. Get latest prices, models & wholesale prices for buying UltraTech Cement. Commercial production from the plant is expected to commence by June 2020. In May 14 2004 the company acquired four crore equity shares of Larsen & Toubro Ceylino (Pvt) Ltd from Larsen & Toubro Ltd at an aggregate consideration of Rs 23.03 crore.In July 2004 Grasim Industries Ltd acquired management control of the company and in October 14 2004 the name of the company was changed from UltraTech ChemCo Ltd to UltraTech Cement Ltd. Also Narmada Cement Company Ltd became a subsidiary of the company by virtue of the scheme of arrangement for de-merger of cement business of Larsen & Toubro Ltd.During the year 2005-06 the company increased the production capacity of Cement from 155 lakh tonnes to 170 lakh tonnes. UltraTech Cement Ltd. is the largest manufacturer of grey cement Ready Mix Concrete (RMC) and white cement in India. UltraTech Cement Limited has an annual capacity of 52 million tonnes. If you want to know the returns for the ongoing year (2020) visit the, 2020 performance report of ULTRACEMCOstock. Its operations span across India, UAE, Bahrain and Sri Lanka. Get UltraTech Cement Ltd historical price data for ULTC stock. Analyze Promoter holdings, FII holding and DII holding trends of UltraTech Cement Ltd It is a subsidiary of the Indian multinational conglomerate, Aditya Birla Group.[4]. ULTRATECH CEMENT LTD Share Price History Graph . -Narmada Cement Company Limited amalgamated with UltraTech pursuant to a Scheme of Amalgamation being approved by the Board for Industrial & Financial Reconstruction (BIFR) in … [5][1], Mines and Mineral Development and Regulation Act, "UltraTech Cement Consolidated Profit & Loss account, UltraTech Cement Financial Statement & Accounts", "UltraTech Cement Consolidated Balance Sheet, UltraTech Cement Financial Statement & Accounts", "Bombay High Court rejects UltraTech Cement's plan to buy JP Associates' plants in MP", https://en.wikipedia.org/w/index.php?title=UltraTech_Cement&oldid=987836823, Companies listed on the Bombay Stock Exchange, All Wikipedia articles written in Indian English, Creative Commons Attribution-ShareAlike License, This page was last edited on 9 November 2020, at 15:01. The company's capacity stands augmented to 52 MMTPA placing it among the top 10 cement companies in the world due to the merger and acquisition.On 24 July 2012 UltraTech Cement announced that it has signed an agreement with the shareholders of Gotan Lime Stone Khanij Udyog Private Limited (GKUPL) Rajasthan to acquire 100% equity shares of GKUPL. Commercial production from this coal block is expected to commence from FY 2018.On 16 March 2015 UltraTech Cement announced that it has commissioned a clinkerisation plant of 2 mtpa at Aditya Cement Works Shambhupura Rajasthan. UltraTech Cement Ltd is the largest manufacturer of grey cement, ready mix concrete (RMC) and white cement in India. The company has an installed capacity of 93 Million Tonnes Per Annum (MTPA) of grey cement. On 22 September 2015 UltraTech Cement announced that it has commissioned a cement grinding unit with a capacity of 1.6 mtpa at Jhajjar in Haryan. UltraTech Cement has 18 integrated plants 1 clinkerisation plant 25 grinding units and 7 bulk terminals. The court has directed to handover the possession of mining lease to GKUPL forthwith. UltraTech is the largest grey cement, white cement and concrete company in India; which wants to position itself to shape the construction practices and build a beautiful tomorrow. In March 2008 the Clinkerisation (pyrosection) unit at Andhra Pradesh Cement Works (APCW) was commissioned. Earlier the Board had at its meeting held on 31 March 2016 approved signing definitive agreements for the acquisition of the identified cement plants Jaiprakash Associates in the states of Madhya Pradesh Uttar Pradesh Himachal Pradesh Uttarakhand and Andhra Pradesh having a capacity of 21.2 mtpa at an enterprise value of Rs 15900 crore. As per the scheme of amalgamation Narmada Cement Company Ltd was amalgamated with the company. Clinker requirement of the Dankuni grinding unit will be met through Rawan Cement Works in Chhattisgarh. UltraTech Cement is a subsidiary of Grasim Industries Ltd. UltraTech's subsidiaries are Dakshin Cements Limited Harish Cement Limited Gotan Limestone Khauj Udyog Private Limited Bhagwati Limestone Company Private Limited UltraTech Cement Lanka (Pvt.) The unit will cater to the markets of eastern India. On 6 March 2018 Reserve Bank of India notified increase in limit for investment in the equity share capital of the company by Foreign Portfolio Investors (FPIs) from 30% to 40% of the paid up capital of the company. As a premium subscriber you get an across device unfettered access to a range of services which include: Welcome to the premium services of Business Standard brought to you courtesy FIS. On 19 January 2017 UltraTech Cement announced that the Competition Commission of India (CCI) in a reference filed by the state government of Haryana for alleged cartelization in August 2012 has passed an order directing the company and other opposite parties to `cease and desist' from indulging in the acts/conducts which have been found to be in contravention of the provisions of the Competition Act 2002. In February 2016, Bombay High Court rejected UltraTech's plan to acquire two cement plants from Jaiprakash Associates. It is also one of the leading cement producers globally. This Company represents the cement operations of Larsen & Toubro which were spun-off … Earlier on 9 December 2017 the Board of Directors of UltraTech Cement approved proposal for an increase in the investment limit by Registered Foreign Portfolio Investors including foreign institutional investors (FIIs) from 30% to 40% of the paid up equity share capital of the company. 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