Ultratech

Grasim's Q2 profit falls 46 pc to Rs 1,100 cr, dragged by UltraTech and higher interest depreciation

However, consolidated EBITDA declined 'as a result of lower profitability in the cement business and initial investments in the paints business under brand Birla Opus,' Grasim Industries said an earnings statement.

14 November 2024, 20:32 IST

Grasim's Q2 profit falls 46 pc to Rs 1,100 cr, dragged by UltraTech and higher interest depreciation

14 November 2024, 20:32 IST

Major deals in India's cement sector since Adani Group's entry in 2022

Billionaire Gautam Adani's conglomerate is locked in a fierce battle with UltraTech Cement as the rivals snap up smaller firms in a bid to capitalise on expectations of heavy government spending on infrastructure.

22 October 2024, 09:04 IST

Major deals in India's cement sector since Adani Group's entry in 2022

22 October 2024, 09:04 IST

UltraTech Cement Q2 profit at Rs 825.18 cr

According to the company, due to the acquisition of an additional stake increasing its shares to 54.79 per cent in UAE-based Ras Al Khalmah Co. for White Cement & Construction Materials P.S.C. (RAKW), its results are not comparable to the preceding year's corresponding period.

21 October 2024, 11:15 IST

UltraTech Cement Q2 profit at Rs 825.18 cr

21 October 2024, 11:15 IST

Adani, Birla are in a high-stakes billionaire battle over cement

The clash of titans is likely to intensify as the deep-pocketed tycoons seek to dominate supplies of a building material that is critical to sustaining India’s infrastructure boom.

30 July 2024, 04:15 IST

Adani, Birla are in a high-stakes billionaire battle over cement

30 July 2024, 04:15 IST

Your future is secure: Srinivasan to India Cements employees

His address comes a day after UltraTech Cement Ltd, India’s leading cement manufacturer, announced it will acquire an additional 32.72% equity stake owned by the promoters and their associates in India Cements Limited.

29 July 2024, 16:40 IST

Your future is secure: Srinivasan to India Cements employees

29 July 2024, 16:40 IST

India Cements to remain listed entity, says UltraTech

The offer price is 3.53 per cent higher as the shares of ICL were trading at Rs 376.70 apiece on the BSE, up 0.56 per cent from the previous close.

29 July 2024, 10:21 IST

India Cements to remain listed entity, says UltraTech

29 July 2024, 10:21 IST

End of an era as UltraTech ups stake in India Cements to a majority

The deal marks the end of Srinivasan’s era in India Cements. Srinivasan, who headed the BCCI before serving as its secretary, is one of the leading industrialists in Tamil Nadu and his decision to sell the stakes held by him and his family in India Cements comes just months before he turns 80.

28 July 2024, 08:15 IST

End of an era as UltraTech ups stake in India Cements to a majority

28 July 2024, 08:15 IST

UltraTech Cement misses Q1 earnings estimates on muted prices

Revenue, rose 2% year-on-year to 180.70 billion rupees, but also fell short of analysts' average estimate of 181.17 billion rupees.

20 July 2024, 01:53 IST

UltraTech Cement misses Q1 earnings estimates on muted prices

20 July 2024, 01:53 IST

UltraTech Cement to acquire 23% stake in India Cements

India Cements' turnover for financial year 2023-24 stood at Rs 5,112 crore.

27 June 2024, 05:27 IST

UltraTech Cement to acquire 23% stake in India Cements

27 June 2024, 05:27 IST

Ultratech Cement to set aside Rs 32,400 cr for capex over three years

The move follows increased deal-making in India's cement industry since nearest rival Adani Group bought ACC and Ambuja Cements, as well as strong demand from the housing and infrastructure sectors on government spending.

02 April 2024, 16:09 IST

Ultratech Cement to set aside Rs 32,400 cr for capex over three years

02 April 2024, 16:09 IST