Cement News tagged under: UltraTech Cement
UltraTech commissions solar panels at Awarpur plant08 March 2024, Published under Cement NewsUltraTech ’s Awarpur Cement Works , has installed a series of floating solar photovoltaic panels (FSPVs) in two water reservoirs of 3600m 2 area, located in the mines area within the unit premises. With a DC capacity of 4.096MWp (3.30MW AC), the solar project consists of around 7600 solar panels. The project has the potential to generate 6173MWh solar energy annually. This solar power plant will help to reduce ~6000Mt of CO 2 emission annually, which is equivalent to the sequestration ... |
UltraTech commissions 1.8Mta Kotputli expansion22 February 2024, Published under Cement NewsUltraTech Cement has commissioned its 1.8Mta brownfield cement plant in Kotputli , Rajasthan, India. This latest development forms part of the cement producer’s 22.6Mta expansion plan, as announced in June 2022. The new plant will help UltraTech meet demand in the markets of Rajasthan and the National Capital Region (NCR), reports Capital Market, taking the company’s total cement production capacity in Rajasthan to 18.9Mta and its total capacity in India to over 139Mta. |
UltraTech invests in renewable energy specialist15 January 2024, Published under Cement NewsUltraTech Cement has entered into a share subscription and shareholders’ agreement to acquire a 26 per cent stake in Amplus Ages Pvt Ltd, a specialist in the generation and transmission of renewable energy. "The acquisition is for the purposes of meeting the company's green energy needs, optimising energy cost and comply with regulatory requirements for captive power consumption under electricity laws," said UltraTech Cement. The acquisition, which represents an investment of INR... |
UltraTech enables green mobility for clinker with electric trucks09 January 2024, Published under Cement NewsGiving a significant boost to ‘green mobility’, UltraTech Cement Ltd , India’s largest cement and ready-mix concrete company, has introduced five electric trucks for transport of clinker from its integrated cement manufacturing unit Dhar Cement Works, located in Madhya Pradesh, to its grinding unit Dhule Cement factory, located in Maharashtra. To ensure reliable transportation, UltraTech has also set up three charging stations, one at each of the units and one en-route. The transpor... |
UltraTech's sales rise 6% YoY in 3QFY23-2402 January 2024, Published under Cement NewsUltraTech 's consolidated sales rose by six per cent per cent to 27.32Mt YoY in the third quarter ended 31 December 2023. Aditya Birla Group , UltraTech's parent company, announced in a regulatory filing that total sales volume in the domestic market was up five per cent YoY to 26.06Mt during the quarter under review. The company's domestic grey cement production was at 25.44Mt in the October-December 2023 quarter, reporting five per cent growth YoY, while its white cement production wa... |
UltraTech Cement acquires 26% stake in Clean Max Terra29 December 2023, Published under Cement NewsUltraTech Cement has entered into a share subscription and shareholders agreement to acquire 26 percent equity shares of renewable energy company Clean Max Terra. The equity investment is up to INR202.5m (US$2.44m). Clean Max Terra, based in Mumbai, India, is a special purpose vehicle to set up 50MW AC/75MW DC solar power project on a captive basis in Saraipali Village, Mahasamund district, Chhattisgarh. The mostepve is part of UltraTech Cement’s strategy to meet its green power target ... |
UltraTech targets 85% green power by 203014 December 2023, Published under Cement NewsUltraTech Cement aims to increase the share of green energy in its total energy mix from the current 22 to 60 per cent by FY25-26 and 85 per cent by 2030. According to its Managing Director, KC Jhanwar, the company has been consistently scaling up the green energy mix in its total power requirement over recent years with the aim of meeting its entire electricity requirement from renewable sources by 2050. To help meet this target, UltraTech has invested in a number of new initiatives ... |
UltraTech Cement to acquire Kesoram Industries Ltd's demerged cement business01 December 2023, Published under Cement NewsKesoram Industries Ltd has decided to demerge its cement business and has approached UltraTech Cement Ltd in relation to the same. The Board of Directors of UltraTech, after considering the recommendation and report of the Audit Committee and the Committee of Independent Directors, at its meeting held on 30 November 2023, considered Kesoram’s proposal and have approved a Composite Scheme of Arrangement to demerge Kesoram's cement business into Ultra Tech Cement. |
Burnpur Cement Ltd acquisition increases UltraTech Cement's capacity30 November 2023, Published under Cement NewsUltraTech Cement has acquired a 0.54Mta cement grinding assets of Burnpur Cement Ltd, located at Patratu in Jharkhand, India, at a consideration of INR169,790m. This investment marks the company’s entry in the state of Jharkhand. With this acquisition, UltraTech Cement's capacity in India now stands at 133Mta. |
UltraTech Cement eyes up Kesoram Industries27 November 2023, Published under Cement NewsUltraTech Cement has reportedly expressed an interest in acquiring Kesoram Industries and is already carrying out due diligence on the company. According to CNBC, UltraTech is exploring two options: buying out the existing promoter or just acquiring the cement business of Kesoram. Kesoram currently operates in two markets, cement and rayon, with a cement production capacity of close to 10Mta across Karnataka and Telangana . Current shareholders in Kesoram Industries are the existi... |