UltraTech

Cement demand remains firm amid a pick-up in construction and infra activities

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Lack of agreement over valuation spurs decision; deal would have provided relief to Indian lenders, which have an exposure of Rs 28,753 crore to Jaiprakash

ICL's challenges come at a time when the cement industry in India is under pressure owing to a sharp rise in raw material prices leading to a lower capacity utilisation of around 64%

Cement major on track to reach 131.25 mtpa by Q4

Aditya Birla group firm UltraTech Cement Ltd on Wednesday reported a decline of 42.09 per cent in its consolidated net profit at Rs 758.70 crore for the second quarter ended on September 30, 2022. The company had posted a net profit of Rs 1,310.34 crore in the July-September period a year ago, UltraTech Cement said in a BSE filing. Its revenue from operations rose 15.61 per cent to Rs 13,892.69 crore during the quarter under review as against Rs 12,016.78 crore in the corresponding period of the last fiscal. According to UltraTech, the second quarter is traditionally a weak one for the cement sector, with lower demand as construction activity slows down during monsoons. "Demand was low during July and August 2022, showing some sign of revival in September 2022," said UltraTech in its earnings statement. UltraTech's total expenses were at Rs 12,934.27 crore, up 26.68 per cent in Q2/ FY23, as against Rs 10,209.43 crore a year ago. Shares of UltraTech Cement Ltd were trading at Rs .

Adani, Ultratech, Dalmia Bharat, Shree Cement to buy smaller companies, say analysts

Share of thermal energy for manufacturing companies almost 95%

It still beat Q1 estimates despite decline on both YoY and sequential bases

Aditya Birla group firm UltraTech Cement on Friday reported a decline of 6.94 per cent in its consolidated net profit at Rs 1,582.02 crore in the June 2022 quarter, impacted by inflationary trends. The company had posted a net profit of Rs 1,700.03 crore in the April-June period a year ago, UltraTech Cement said in a BSE filing. Its revenue from operations was up 28.18 per cent to Rs 15,163.98 crore during the quarter under review as against Rs 11,829.84 crore in the corresponding period of the last fiscal. "After a strong end to FY22, cement demand was impacted by overall inflationary trends and lower labour availability in May 2022. However, cement demand picked up in June 2022 on pre-monsoon construction activity," said UltraTech Cement in its earnings statement. The company's total expenses were at Rs 12,980.06 crore, up 36.51 per cent in Q1 FY23 as against Rs 9,508.26 crore. Shares of UltraTech Cement Ltd were trading at Rs 6,398.80 on BSE on Friday, up 4.40 per cent from the

There is no suggestion that the purchase, the particulars of which have not previously been reported, in any way breaches sanctions imposed on Russia in the wake of its invasion of Ukraine

Other key players have also announced plans to significantly raise capacities

Bracing for stiff competition, the firm looks to boost capacity by 22.6 mtpa

The CEO said the smoothness of the execution of such a transaction was a major factor in taking the decision.

Speeding up capacity expansion would be top focus area, said analysts

India's largest firm in the sector seeks more time from Switzerland's Holcim to make a bid for Ultratech and ACC.

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

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

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

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.