Cement News tagged under: UltraTech Cement
India: beyond the headwinds03 November 2020, Published under Cement NewsIndia has become the second-worst affected country by the COVID-19 health crisis. Consequently, construction activity has taken a hit and cement demand saw a dramatic collapse in the April-June 2020 quarter. As the pandemic continues to play out, ICR assesses the impact on domestic cement producers and prospects for recovery. As COVID-19 exerts unprecedented stress on India’s cement industry, ICR looks at the latest available data to date for the April-June 2020 period and... |
UltraTech Cement records net sales of INR102.31bn in 2QFY2122 October 2020, Published under Cement NewsUltraTech Cement Ltd (Aditya Birla group) announced earned consolidated net sales of INR102.31bn (US$1.389bn) in 2QFY21 compared to INR94.86bn in 2QFY20. Profit after tax was INR1234m for the financial period ended 30 September 2020. On a standalone basis, net sales stood at INR98.95bn in 2QFY21 compared to INR91.23bn in 2QFY20. Profit before interest, depreciation and tax in 2QFY21 was INR26,990m and profit after tax was INR12,090m. Operating margins reached 27 per cent and for t... |
UltraTech Cement Ltd commits to GCCA's 2050 Climate Ambition24 September 2020, Published under Cement NewsUltraTech 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 all its member companies. The GCCA’s ‘2050 Climate Ambition’ is the member companies’ commitment to drive down the CO 2 footprint of their operations and products, and their collective aspiration to deliver society with carbon-neutral concrete by 2050. The industry is coming together to outline this important am... |
UltraTech secures bauxite raw material supplies from Hindalco21 August 2020, Published under Cement NewsHindalco Industries Ltd, India's premier aluminium and copper producer, has won an order to supply 1.2Mta of bauxite residue to UltraTech Cement as a raw material for cement production. The order is part of UltraTech's drive to use industrial by-products, which can contribute to toxic waste if not disposed of properly. Hindalco has supplied 2.5Mt of bauxite residue to 40 cement companies in 2020 so far. |
Chairman reflects on tough period at UltraTech Cement's AGM13 August 2020, Published under Cement NewsKumar Mangalam Birla, chairman of UltraTech Cement (Aditya Birla Group), opened the 20th Annual General Meeting on 12 August 2020, via video conferencing and reflected on the company's 1Q20-21 performance. Mr Mangalam Birla said the company's annual report's theme this year was 'Tough times don’t last; tough companies do'. "And your company is as tough as it gets!" he added. He announced that UltraTech's net sales in 1Q20-21 reached INR75.63bn (US$1.01bn), compared to INR112.29bn in the... |
1H20 results show regional impact of coronavirus on cement demand31 July 2020, Published under Cement NewsThis week, the cement industry majors have been announcing their business results for the first half of 2020. The business results of Dangote Cement, Cemex, UltraTech, HeidelbergCement, Titan and Vicat give the first clear indications of how the cement sector has been impacted and responded to the COVID-19 pandemic in various regions of the world. Africa Dangote Cement was first to announce its 1H20 results and announced a two per cent growth in revenue to NGN476.9bn (US$1.23bn). April... |
UltraTech Cement's consolidated net sales reach INR75,630m in 1QFY2129 July 2020, Published under Cement NewsUltraTech Cement Ltd’s (Aditya Birla Group) consolidated net sales reached INR75,630m (US$1.01bn) in the 1QFY21 compared to INR112,290m in the 1QFY20. Profit before interest, depreciation and tax was at INR23,530m, down from INR30,840m in the corresponding period of the previous year. Normalised profit after tax was INR9,060m compared to INR12,810m in the corresponding period of the previous year. On a standalone basis, net sales stood at INR72,900m compared to INR10,8510m in 1QFY20. Profi... |
UltraTech Cement's subsidiary to sell entire stake in Shandong Binani Rongan Cement08 July 2020, Published under Cement NewsIndia’s UltraTech Cement has announced that its Krishna Holdings subsidiary will sell its entire stake in Shandong Binani Rongan Cement Co for a value of US$120m. "Krishna Holdings Pte Ltd, incorporated in Singapore and a subsidiary of the company’s wholly-owned subsidiary UltraTech Nathdwara Cement Ltd, has informed that it has entered into a binding agreement for divesting its entire equity shareholding of 92.5 per cent in Shandong Binani Rongan Cement Co Ltd," stated the company. Shan... |
UltraTech Cement reduces capex plans to INR10bn in FY20-2105 June 2020, Published under Cement NewsIndia’s UltraTech Cement has announced that it will be restricting its capital expenditure plans to INR10bn (US$132.42m) during the current fiscal year, following the disruptions caused by the COVID-19 pandemic. "The company's capital and financial resources remain entirely protected in spite of the adverse impact on its sales during the first two phases of the lockdown. The company's liquidity position remains adequately covered," said the company in a regulatory filing. "Conserving cash ... |
UltraTech Cement Ltd records net sales of INR105.8bn in 4QFY19-2021 May 2020, Published under Cement NewsUltraTech Cement Ltd (Aditya Birla Group) announced its financial results for the 4Q and full year ended 31 March 2020. 4QFY19-20 Consolidated net sales reached INR105.8bn (US$1.39bn) vis-à-vis INR121.7bn in the corresponding period of the previous year. Profit before interest, depreciation and tax was at INR26.4bn versus INR26.72bn in the year-ago period. Profit after tax was INR32.43bn compared to INR10.64bn in the 4QFY18-19. Full-year results For the full year, consolidated net s... |