Most relevant news about ULTRATECH CEMENT LIMITED: 10/22: ULTRATECH CEMENT LIMITED: announces financial results for the quarter ended 30t.. AQ. UltraTech Cement has announced a ₹5,477 crore expansion plan that will add 12.8 million tonnes to its annual capacity. In the past two months, UltraTech Cement has outperformed the market by surging 23 per cent, as compared to an 11 per cent gain in the S&P BSE Sensex. Intrinsic value is the calculated value of the company and may differ from current stock price. Net sales of the company rose 7.8 per cent to Rs 10,231 crore with robust operating margins at 27 per cent. UltraTech Cement Ltd. News. Copyright © HT Digital Streams Limited All rights reserved. ETRealty.com brings latest ultratech cement news, views and updates from all top sources for the Indian Real Estate industry. Company profile page for UltraTech Cement Ltd including stock price, company news, press releases, executives, board members, and contact information That said, it could mean near-term pricing pressure, especially in the eastern region, which is already grappling with oversupply. India: UltraTech Cement says it has beaten its goal of doubling its energy productivity ahead of its deadline. Place Order. About UltraTech Cement Ltd. UltraTech Cement Limited is engaged in the business of cement and cement-related products. On … UltraTech Cement reported a 113 per cent jump in its net profit at Rs 1,234 crore for the September quarter. UltraTech Cement has announced a ₹5,477 crore expansion plan that will add 12.8 million tonnes to its annual capacity. Ultratech Cement Latest breaking news, pictures, photos and Video News. “We have already seen players (Shree, JK Cement) announcing expansions that may cloud medium-term visibility on cement pricing," the note said. A 10-month construction schedule –– between February 1, … 1 cement , values your partnership. UltraTech Cement has announced a Rs 5,477 crore investment in cement capacity expansion. So the market could absorb capacities without impacting pricing, the management said. As such, this announcement bodes well for the industry’s long-term demand outlook. Tomorrow is different. Log in to our website to save your bookmarks. 10/16: ULTRATECH CEMENT LIMITED: half-yearly earnings release: 10/09: ULTRATECH CEMENT LIMITED: half-yearly earnings release: 07/29: ULTRATECH CEMENT … UltraTech Cement was the top gainer in the Sensex pack, rising around 1 per cent, followed by Sun Pharma, IndusInd Bank, Reliance Industries and HDFC. The latest version of One UltraTech App offers a superior experience to you for running your business efficiently in a quick and convenient way . UltraTech will work with GCCA and its members across the built environment value chain to deliver this aspiration in a circular economy, whole life context. New Delhi, Dec 4 (PTI) Shares of UltraTech Cement on Friday jumped over 6 per cent after the firm announced an investment plan worth Rs 5,477 crore. Later it was demerged and acquired by Grasim and was renamed as Ultra Tech Cement in 2004. Find Ultratech Cement Latest News, Videos & Pictures on Ultratech Cement and see latest updates, news, information from NDTV.COM. India's antitrust body on Wednesday conducted raids at offices of UltraTech Cement and two subsidiaries of the world's largest cement maker LafargeHolcim, two sources close to … UltraTech Cement Ltd has laid out a three-year capacity expansion plan. UltraTech Cement has shaved off Rs 4,728 crores of net debt in the first-half of this fiscal year. At 9:34 am, the shares traded 4.26 … The board of directors of the Aditya Birla Group company approved raising capacity by 12.8 mtpa with a mix of brown-field and green-field expansion, it said. Account. Chinese stocks have banner year, gaining nearly $5 trillion, Top five stocks which made you richer by up to 500% in 2020, 'Banking, NBFC stocks to continue rally in 2021,' says Yes securities. The company had reported a net profit of Rs 579 crore a year ago. Ultratech Cement Ltd has announced fresh capacity expansion of 12.8 million tonnes per annum over and above the company's ongoing expansions of 6.7mtpa (Reuters) 2 … Written by Global Cement staff 04 December 2020. Net sales of the company rose 7.8 per cent to Rs 10,231 crore with robust operating margins at 27 per cent. Most relevant news about ULTRATECH CEMENT LIMITED: 10/22: ULTRATECH CEMENT LIMITED: announces financial results for the quarter ended 30t.. AQ. The reason for a low capex per tonne is that 70% of this expansion is brownfield in nature, which is more cost-efficient than greenfield expansion, analysts said. Join Mint channel in your Telegram and stay updated with the latest business news. The board of directors of the Aditya Birla Group company approved raising capacity by 12.8 mtpa with a mix of brown-field and green-field expansion, it said. This will increase its capacity to 136Mt/yr from 123Mt/yr, at a cost of US$743m. Have you read these stories? Still, analysts have sounded caution about downward pressure on cement prices given the spree of capacity addition by other large cement makers. UltraTech Cement's standalone net profit more than doubled in April-June period to Rs 1,199 crore versus Rs 598 crore during the same period … UltraTech Cement surged upto 3% after news that it will raise Rs 9,000 crore via an issue of redeemable, non-convertible debentures on a private placement basis, its annual general meeting to … (Photo: Bloomberg) UltraTech Cement announces ₹ 5,477 cr investment to expand capacity 1 min read. Analysts say, deleveraging could help UltraTech bridge the valuation gap with peer Shree Cement Ltd, which is the most expensive listed cement stock and debt-free company. ICICI Direct is bullish on UltraTech Cement recommended buy rating on the stock with a target price of Rs 5800 in its research report dated December 10, 2020. Click here to read the Mint ePaperMint is now on Telegram. Watch now | India's premier event for web professionals, goes online! All news about ULTRATECH CEMENT LIMITED: 11/19: Climate action investor group adds Saudi Aramco to focus list: RE. Intrinsic Value. Switch to. NEW DELHI: India's antitrust body on Wednesday (Dec 9) conducted raids at offices of UltraTech Cement and two subsidiaries of the world's largest cement … UltraTech Cement Ltd., incorporated in the year 2000, is a Large Cap company (having a market cap of Rs 110890.14 Crore) operating in Cement sector. This is in addition to the ongoing capacity expansion of 6.7 mt and 2.3 mt for grinding and clinker, respectively. Search. The scrip was up 0.61 per cent at Rs 4,575 at around 9.25 am (IST), while the benchmark BSE Sensex traded 0.82 per cent higher at 40,869. Home. The cement maker’s net sales rose 7.8 per cent to Rs 10,231 crore, from Rs 9,486 crore. The cement maker’s board has approved raising capacity by 12.8 million tonnes per annum via a mix of brownfield and green field expansion, the company said in a media statement. Updated: 03 Dec 2020, 03:53 PM IST Written By Aparna Banerjea. Portfolio. India: The board of directors of Aditya Birla subsidiary UltraTech Cement has approved a planned increase in cement production capacity of 12.87Mt/yr. UltraTech Cement manufactures a range of products that cater to construction needs from foundation to finish, including Ordinary Portland Cement (OPC), Portland Blast Furnace Slag Cement (PSC), Portland Pozzolana Cement (PPC), white cement including white cement-based products and ready-mix concrete. CCI aids cement giants UltraTech, LafargeHolcim units: Sources Commerce minister Piyush Goyal told parliament in 2019 the CCI was examining complaints of cartelization by cement companies. Powered by Capital Market - Live News UltraTech Cement Ltd., incorporated in the year 2000, is a Large Cap company (having a market cap of Rs 146044.79 Crore) operating in Cement sector. Watchlist. “We believe that the announcements made today have added a new growth narrative as the execution of the earlier targets such as integration and profitability improvement of the acquired plants and deleveraging of the balance sheet seem to be achieving targets," analysts at Emkay Global Financial Services Ltd said in a note on 3 December. Get UltraTech Cement Ltd. detailed news, announcements, financial report, company information, annual … UltraTech Cement news Blogs, Comments and Archive News on Economictimes.com. UltraTech Cement, an Aditya Birla Group flagship company, announced on Thursday, a capital expansion of 12.8 MTPA with a mix of brownfield & … Shares of UltraTech Cement on Friday closed with over 4 per cent gain after the firm announced an investment plan worth Rs 5,477 crore.The stock, which zoomed 6.25 per … UltraTech Cement Ltd, as a founding member of the Global Cement and Concrete Association (GCCA), has committed to the ‘2050 Climate Ambition’ announced by GCCA on behalf of … The additional capacity will be created in the fast-growing markets of the east, central and north regions of the country. 10-month schedule planned for redoing Central Vista. Investment Checklist. The latest version of One UltraTech App offers a superior experience to you for running your business efficiently in a quick and convenient way . Copyright © 2020 Bennett, Coleman & Co. Ltd. All rights reserved. UltraTech Cement Ltd., incorporated in the year 2000, is a Large Cap company (having a market cap of Rs 133607.90 Crore) operating in Cement sector. There was another key takeaway for investors. Ltd said UltraTech’s announcement raises concern on industry pricing power in the medium term. Home. 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UltraTech Cement news Latest Breaking News, Pictures, Videos, and Special Reports from The Economic Times. 10/16: ULTRATECH CEMENT … The share price of UltraTech Cement surged over 4 percent to hit a 52-week high on Friday after the company announced an investment of Rs 5,477 crore towards 12.8 million tonnes per annum (MTPA) capacity expansion. In a report on 4 December, analysts at Jefferies India Pvt. Additionally, UltraTech Cement is also adding 57MW of WHRS across these clinker expansions, in addition … It is also a marker of UltraTech’s ascent from being India’s No.1 cement player to a national champion.” Related News Covid & beyond: Mega deals save 2020; trend to continue in 2021 Watchlist. It joined the EP100 initiative in 2018 and agreed to double its energy productivity from the base year of 2010 with the target year of 2035. 10/21: ULTRATECH CEMENT: Second-Quarter Net Profit More Than Doubled: DJ. Top picks. Nearly 52% of UltraTech’s additional capacity is focused in the east as the company aims to save on logistics costs. UltraTech Cement Ltd., incorporated in the year 2000, is a Large Cap company (having a market cap of Rs 115562.99 Crore) operating in Cement sector. However, in the east, consumption is lower at 203kg. Prabhudas Lilladher is bullish on Ultratech Cement has recommended buy rating on the stock with a target price of Rs 5400 in its research report dated December 04, 2020. Ltd (incorporated in Singapore), completed the divestment of its entire equity shareholding of 92.5 per cent in its cement subsidiary at a net consideration of $94.70 million. UltraTech Cement Ltd. ULTRACEMCO. UltraTech Nathdwara Cement, through its subsidiary Krishna Holdings Pte. At 11:55 am, UltraTech Cement was trading 1 per cent higher at Rs 4,758 on the BSE, as compared to … 10/21: ULTRATECH CEMENT: Second-Quarter Net Profit More Than Doubled: DJ. UltraTech Cement was the top gainer in the Sensex pack, rising around 1 per cent, followed by Sun Pharma, IndusInd Bank, Reliance Industries and HDFC. UltraTech Cement Ltd. ULTRACEMCO. UltraTech Cement expects subdued performance as economy slows down Analyst caution that fierce competition in the East would mean cement companies could start chasing volumes at the expense of realizations, which would impact their margins. Vedanta will receive Rs 5,843 crore as dividend from its subsidiary Hindustan Zinc that announced a dividend of Rs 21.30 per share. Stocks in the news: Bajaj Finance, UltraTech Cement, Bajaj Finserv, Vedanta & GMM Pfaudler 21 Oct, 2020, 07.32 AM IST Ultratech Cement Q3 Net rises 37% to Rs 545.92 crore. The Company manufactures a … It'll just take a moment. Find Ultratech Cement news headlines, photos, videos, comments, blog posts and opinion at The Indian Express. UltraTech, which is pan-India focused, is considered a proxy for the cement sector. Shares of UltraTech Cement on Friday closed with an over 4 per cent gain after the firm announced an investment plan worth Rs 5,477 crore. 10/21: ULTRATECH CEMENT: Second-Quarter Net Profit More Than Doubled: DJ. UltraTech, India’s no. UltraTech Cement surged upto 3% after news that it will raise Rs 9,000 crore via an issue of redeemable, non-convertible debentures on a private placement basis, its annual general meeting to … UltraTech Cement targets 12.8Mt/yr additional cement capacity. UltraTech Cement Ltd. News. UltraTech, India’s no. UltraTech Cement on Thursday announced an investment of Rs 5,477 crore towards increasing its capacity by 12.8 million tonne per annum with a … Portfolio. India's antitrust body on Wednesday conducted raids at offices of UltraTech Cement and two subsidiaries of the world's largest cement maker LafargeHolcim, two … The management expects the company to be debt-free by fiscal year 2023 despite its overall growth capex plans of ₹6,500 crore. 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