Ultratech

UltraTech to ACC, cement stocks strengthen on price hikes of Rs 5-15/bag

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

Stocks to Watch: Adani Group, LIC, L&T, Tech M, Inox, Leisure, GAIL, IOC

Stocks to Watch today: Stock exchanges BSE and NSE on Monday revised the circuit limits for three Adani group companies - Adani Total Gas, Adani Transmission, and Adani Green Energy - from 20% to 10%

Ultratech drops out of race to buy Jaiprakash Associates' cement assets

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

India Cements looks to fortify base but future growth remains a question

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%

UltraTech to ramp up domestic cement capacity by a third by FY26

Cement major on track to reach 131.25 mtpa by Q4

UltraTech Cement's Q2 net profit falls 42% to Rs 759 cr; net sales rise 16%

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's foray expected to trigger consolidation in cement industry

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

India Inc's green push gets a fillip with amended Energy Conservation Bill

Share of thermal energy for manufacturing companies almost 95%

UltraTech profit falls 7% due to increased fuel and power costs hit

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

UltraTech Q1 net profit falls 7% to Rs 1,582.02 cr; net sales rise 28%

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

How Indian cement maker Ultratech bought Russian coal using yuan

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

UltraTech expansion plans suggest higher competition likely in cement biz

Other key players have also announced plans to significantly raise capacities

UltraTech announces Rs 12,886 cr capex plan as competition grows in cement

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

UltraTech, JSW lost Ambuja race due to CCI concerns: Holcim CEO

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

What UltraTech and JSW Cement plan to do after losing Holcim deal to Adani

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

Ultratech in talks with rival cement firms, PEs on asset divestiture plans

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

UltraTech commits to Net Zero Concrete Roadmap announced by GCCA

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

Ultratech emerges as preferred bidder for limestone block in MP

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

Earnings of cement, FMCG, aviation cos at risk as oil, coal prices rise

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

UltraTech joins RE100 initiative, aims 100% renewable energy usage by 2050

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.