Birla, 52, had received an annual salary of Rs 19.13 crore in FY 2017-18
The debt reduction focus will continue into FY21, said Atul Daga, chief financial officer for UltraTech
Ultratech's acquisition spree has also led to an increase in debt for the company
UltraTech is extremely well positioned to turnaround BCL's operations
It plans to achieve a breakeven at the profit before tax level for these acquired assets in the April-June 2019 quarter
UltraTech Cement recently upped its offer to Rs 79.6 billion after a second round of revision, outbidding Dalmia Bharat's offer by Rs 11 billion
Increasing capacities will help gain market share, improve geographical presence and drive volumes
The mined limestone will be used for the manufacturing of cement in the existing line
UltraTech will pay Rs 16,189 crore to buy Jaypee Group's cement operations that have a total capacity of 17.2 MTPA
Softer volume growth and rising coal and petcoke costs were a dampener, but efficiency improvements provide some support to operating performance; road ahead looks good
With regular expansion, it has moved ahead of LafargeHolcim, which has been busy restructuring its India business
With JP acquisition, the Aditya Birla Group firm has taken a big leap ahead of its arch rival Holcim
Net sales up 4% to Rs 6,538 cr; Stock price nears 52-week high on Tuesday, ends marginally up at Rs 3,505.90 on BSE
Acquisition of JP group's cement assets will enhance market share, but it's likely to be earnings-dilutive initially
Acquisition of Jaiprakash group's cement assets at attractive valuation will give the firm entry in new markets
Under revised deal, UltraTech will buy 21.2 mt of cement capacity; excludes a 1.2 mt a plant in Karnataka