Cement News tagged under: UltraTech Cement
Century Textiles to reportedly spin off cement unit22 April 2015, Published under Cement NewsCentury Textiles, owned by Birla patriarch Basant Kumar Birla, will spin off its cement business and merge it in an all-share deal with UltraTech Cement, owned by grandson Kumar Mangalam Birla, two people with direct knowledge of the plan have told the Economic Times of India. "Both companies are in the final stages of a plan to merge the cement businesses," one of the two persons said. "The enterprise value of Century's cement business has been put at INR10,500 crore, and an announcement c... |
Mumbai Port Trust allots land for cement handling terminal13 April 2015, Published under Cement NewsThe Mumbai Port Trust has allocated allotted 25,000m2 of land at Petroleum Godown to UltraTech Cement for 30 years, to build a fully-automated cement handling terminal. The terminal will be used to ship in cement in from other states and distributed to users across the city, according to trust chairman and managing director Ravi Parmar. The facility will be equipped with portable unloaders, 30,000t silos, bagging facilities and other ancillary facilities and is estimated to cost about US$16... |
India: Aditya Cement starts third line, builds grinding unit16 March 2015, Published under Cement NewsUltraTech Cement Ltd has informed the Bombay Stock Exchange (BSE) that the company has commissioned its clinker plant of 2Mta at Aditya Cement Works, Shambhupura, Rajasthan. The 6000tpd kiln takes Aditya Cement's clinker capacity up to 7.18Mta and cement capacity to 5Mta. Meanwhile, the greenfield Jhajjar grinding unit at Haryana, northern India, is under construction and is expected to be commissioned in FY16. AC III will service the new 1.6Mta grinding station and the balance of clinker... |
UltraTech quarterly revenue rises 15% YoY26 January 2015, Published under Cement NewsIndia's largest cement producer, UltraTech Cement, reported a 15 per cent YoY increase in net sales for the quarter ended 31 December 2014 to INR54.9bn. Earnings before interest depreciation and tax for the three months was up 14.5 per cent to reach INR9.9bn, but profit after tax (PAT) dipped 1.6 per cent to INR3.64bn, compared to the same period of last year. For the first nine months of the current fiscal, revenues jumped 16 per cent and PAT rose seven per cent. Combined domestic ce... |
India: UltraTech outlines upcoming greenfield expansion16 January 2015, Published under Cement NewsFollowing its planned takeover of two cement plants owned by the Jaypee group, UltraTech has outlined its next phase of greenfield expansion. India’s largest cement producer is planning to set up two greenfield grinding units in Bihar and West Bengal, according to managing director OP Puranmalka. In addition, the company plans to build a bulk terminal in Maharashtra to enhance transport and logistics, and increase capacity at its existing plant in Rajasthan. While the capacity expansion w... |
UltraTech to not bid for Lafarge/Holcim assets13 January 2015, Published under Cement NewsUltraTech has pulled out of the race to buy cement assets up for sale as Lafarge and Holcim’s proposed merger, the Indian cement major confirmed to local press. An UltraTech spokesperson told ET Now that the company has not participated in the final round of bidding. The company had reportedly previously expressed an interest in buying assets in Brazil and Philippines and had placed a bid in the first round. The due diligence process had been conducted for assets worth around US$2bn b... |
UltraTech reportedly in talks to buy further Jaiprakash units19 December 2014, Published under Cement NewsUltraTech Cement is in talks to acquire Jaiprakash Associates Ltd's cement plants in central and southern India, people with knowledge of the matter have told local press. The company is discussing the purchase of cement plants in the Indian states of Uttar Pradesh, Madhya Pradesh and Andhra Pradesh, the sources told Mint News. Last year, UltraTech purchased Jaiprakash’s cement plant in Gujarat which has a capacity of 4.8Mt. |
Siemens surpasses motor milestone with UltraTech order17 December 2014, Published under Cement NewsSiemens Limited announced that it has surpassed a key milestone in manufacturing and delivering International Efficiency (IE) class industrial motors by handing the 100,000th motor to UltraTech Cement Ltd. in India. This translates to energy savings of 300GWh, which is equivalent to the power required by 80,000 average Indian households for an entire year, since the launch of the motors in January 2012, Siemens said in a statement. Siemens Ltd was the first company in India to launch local... |
UltraTech re-evaluating Brazil asset bid11 December 2014, Published under Cement NewsIndian cement major UltraTech Cement is reportedly re-evaluating its decision to bid for the Brazilian assets put on the block by Holcim and Lafarge ahead of their planned merger. According to local press reports, the Aditya Birla company had submitted non-binding bids for the cement assets in October, after which binding bids are due in January. The company is now said to be “rethinking about the bids” and UltraTech Cement may “pull back at the binding stage,” sources familiar with the m... |
UltraTech acquires 51% interest in Omani mining firm10 November 2014, Published under Cement NewsUltraTech Cement Middle East Investments, a subsidiary of UltraTech Cement, has acquired a 51 per cent interest in Omani mining company Awam Minerals LLC. Awam Minerals possess a licence for mining substantial gypsum deposits in the south of Oman, which will serve as a captive mine for UltraTech Cement's network of plants. UltraTech Cement. India’s largest cement producer, also operates two grinding units and a clinker plant in the UAE, and a grinding unit in Bahrain, through its Middle Ea... |