Ultra Tech
UltraTech, JSW in race to acquire India Cements' project in Madhya Pradesh
India Cements had indicated in its FY22 annual report that it had acquired 184.53 hectares of limestone-bearing land at Pawai Tehsil in Panna District of Madhya Pradesh.
 "UltraTech, JSW in race to acquire India Cements' project in Madhya Pradesh")
Adani Group signs non-dealing pact with foreign banks on cement stake
Adani stake is worth Rs 1.01 trillion as of Tuesday
 "Adani Group signs non-dealing pact with foreign banks on cement stake")
India's cement sector to add 80-100 mt capacity by FY25: K M Birla
Birla said the new round of expansion by UltraTech will take its capacity to 159.25 mtpa, reinforcing its position as the third-largest cement company in the world, outside of China
 "India's cement sector to add 80-100 mt capacity by FY25: K M Birla")
US Fed rate hike raises cost of funds for Ambuja Cements bidders
The acquisition is expected to cost around $10 billion (Rs 76,000 crore), including the open offers for the shareholders of both Ambuja Cements and ACC
 "US Fed rate hike raises cost of funds for Ambuja Cements bidders")
UltraTech invests $101.1 mn in UAE-based RAKWCT, acquires 29.39% share
The shares have been acquired at a cost of USD 101.10 million, it said. This together with the existing shareholding, will result in UCMEIL holding 29.79 per cent of RAKWCT's equity share capital
 "UltraTech invests $101.1 mn in UAE-based RAKWCT, acquires 29.39% share")
Outlook for Cement companies remains strong; analysts bullish about sector
Three top players, UltraTech, Ambuja and ACC post a robust performance in June quarter
 "Outlook for Cement companies remains strong; analysts bullish about sector")
UltraTech Cement Q1 profit grows two-folds to Rs 1,700 cr; net sales up 54%
Aditya Birla group firm UltraTech Cement Ltd reported over two-fold jump in its consolidated net profit to Rs 1,700 crore in first quarter, helped by volume growth, increased operational efficiencies.
Spurt in volume, price hike to cushion cement firms against rising costs
All-India average cement price, according to analysts' estimates, is likely to be up around 1 per cent quarter-on-quarter (QoQ) and nearly 5 per cent YoY in Q4-FY21E
 "Spurt in volume, price hike to cushion cement firms against rising costs")
Market Ahead, July 28: All you need to know before the opening bell
A total of 132 companies, including UltraTech Cement, Nestle India, and IDBI Bank, are scheduled to announce their results today
 "Market Ahead, July 28: All you need to know before the opening bell")
Covid-19 impact: Six of the top 10 family-owned businesses in the red
Leading business houses report pre-tax loss of Rs 19,342 crore in Q4
 "Covid-19 impact: Six of the top 10 family-owned businesses in the red")
Insolvency: UltraTech Cement to bear cost of Binani's legal proceedings
The lenders had expressed concern about the rising costs of proceedings, while approving UltraTech's offer
 "Insolvency: UltraTech Cement to bear cost of Binani's legal proceedings")
