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Indian cement sector consolidating 13 September 2024 to control a significant portion of the production capacity by 2026, according to Business Line. Major companies like UltraTech, Ambuja, ACC, and Shree Cement are predicted to hold 60 percent of total capacity, up from 50 percent last fiscal year. Over... Type: Article Category: Markets & Competition Himachal sees second cement price increase in less than a month 09 September 2024 Pradesh have been raised once again, according to The News Himachal. As of September 9, leading brands ACC, Ambuja, and UltraTech Cement increased their prices by INR 15 per bag. This marks the second price hike in just 20 days, causing concern among... Type: Article Category: Volume & Pricing Indian cement manufacturers to invest USD 14.3Bn over the next four years 05 September 2024 tons of cement production annually, with most of the funding coming from internal resources. The top three producers—Ultratech, Ambuja, and Shree Cement—are expected to contribute to over 70 percent of the capacity increase. Annual capital expenditure... Type: Article Category: Markets & Competition UltraTech Cement secures USD 500Mn sustainability-linked loan 27 August 2024 Major sustainability-linked loan aligns with ESG goals (CW Group) UltraTech Cement, India’s largest cement producer, has secured USD 500 million through a sustainability-linked loan. This financing aligns with the company’s commitment to environmental,... Type: Article Category: Environment Neocrete partners with major global cement producers 22 August 2024 has partnered with major global cement producers, including Cemex, Heidelberg Materials, CRH, Titan, Cementos Argos, and Ultratech Cement, to advance its new Activator product. This initiative, reported by Business Desk, aims to significantly reduce the... Type: Article Category: Markets & Competition Ciel & Terre and Amplus complete floating solar installation for Ultratech 20 August 2024 Ciel & Terre India, in collaboration with Amplus KN One Power, has completed a 4.096 MWp floating solar installation at UltraTech Cement's Awarpur unit in Maharashtra, informs PV Magazine. The project marks a significant step toward sustainable energy... Type: Article Category: Environment Grasim achieves record revenue in FY24 20 August 2024 highest-ever consolidated EBITDA of INR 20,837 crore, with significant contributions from its cement business managed by UltraTech. UltraTech’s production capacity expanded by 13.8 million tons, further boosting Grasim’s revenue. Copyright CW Group. All... Type: Article Category: Financial Prism Johnson appoints Raakesh Jain as Executive Director & CEO (Cement) 16 August 2024 nearly a decade in various sales roles with Lafarge India. He also held sales positions with the white cement division of UltraTech Cement starting in the late 1990s. Jain holds a commerce degree from Devi Ahilya University and a Master of Business... Type: Article Category: People JSW Cement joins race to acquire Orient Cement stake 31 July 2024 Aditya Birla and Adani groups in a competitive consolidation of the cement sector. Delays in negotiations with Adani and UltraTech due to valuation and environmental issues have opened the door for JSW Cement. The promoter stake, held by the Birla... Type: Article Category: Mergers & Acquisitions UltraTech Cement acquires stake in India Cements 29 July 2024 Strategic move to expand Southern market presence (CW Group) UltraTech Cement's Board of Directors has approved the acquisition of a 32.7 percent equity stake in The India Cements Limited. Earlier, in June 2024, UltraTech made a financial investment in... Type: Article Category: Mergers & Acquisitions UltraTech Cement profit increases in Q1FY25 23 July 2024 Quarterly profit rises, revenue shows modest growth (CW Group) UltraTech Cement reported a consolidated net profit of INR 1,697 crore for the quarter ending June 30, 2024, as per The Economic Times. This represents a slight increase of 0.5 percent... Type: Article Category: Financial UltraTech Cement to cut costs by INR 300 per ton 22 July 2024 Cost-cutting measures and expansions set to save significantly (CW Group) UltraTech Cement is poised to cut costs by INR 300 per ton over the next three quarters, according to Machine Maker. The savings are driven by expanding its plant network,... Type: Article Category: Financial UltraTech Cement buys stake in green energy company 18 July 2024 Cement giant invests in solar, hybrid projects for self-consumption (CW Group) UltraTech Cement Ltd has acquired a 26 percent equity stake in Amplus Omega Solar, a special purpose vehicle, to establish a 30.85 MW hybrid project with battery storage in... Type: Article Category: Environment UltraTech joins WBCSD Connect in Mumbai 12 July 2024 Major pledge for electric and CNG/LNG vehicles (CW Group) UltraTech joined the inaugural World Business Council for Sustainable Development (WBCSD) Connect in Mumbai to accelerate India's industrial transition and transport decarbonization. Committed... Type: Article Category: Environment UltraTech increases stake in RAK Cement 11 July 2024 Cement giant acquires additional share in UAE’s RAK Cement Co (CW Group) UltraTech Cement has announced the acquisition of an additional 25 percent stake in UAE-based RAK Cement Co for White Cement and Construction Materials PSC (RAKWCT), bringing its... Type: Article Category: Mergers & Acquisitions UltraTech reports boiler explosion at Jaggaiahpet cement plant 08 July 2024 Explosion claims lives, injures many at Ultratech cement factory (CW Group) A boiler explosion at the Ultratech Cement Factory in Budawada, Andhra Pradesh, claimed two lives and injured 20 others on Sunday, according to Newstap. The explosion occurred... Type: Article Category: Markets & Competition UltraTech in talks to acquire Orient Cement 04 July 2024 Ultratech is in advanced negotiations to acquire Orient Cement (CW Group) Industrialist Kumar Birla is reportedly back in discussions to acquire Orient Cement, a move aimed at strengthening UltraTech’s presence in South India, according to Benzinga.... Type: Article Category: Mergers & Acquisitions UltraTech leads the race to acquire Emani Group’s cement business 02 July 2024 UltraTech offers all-cash deal for Emami Cement, aiming to expand in eastern India (CW Group) UltraTech Cement Ltd, India's largest cement producer, is leading the bid to acquire Emami Group’s cement business for INR 6,500-7,000 crore, according to... Type: Article Category: Mergers & Acquisitions UltraTech expands capacity at Tadipatri and Jharsuguda 01 July 2024 New cement and clinker capacities boost production (CW Group) UltraTech Cement Limited has announced the commissioning of an additional 3.4 million tons per year clinker capacity and 1.8 million tons per year grinding capacity at its Tadipatri unit,... Type: Article Category: Volume & Pricing UltraTech to acquire 23 percent stake in India Cements 27 June 2024 Strategic stake acquisition to counter Adani's cement ambitions (CW Group) UltraTech Cement is set to acquire a stake worth up to USD 228 million in rival India Cements, intensifying its competition with the Adani group for dominance in the Indian... Type: Article Category: Mergers & Acquisitions 1 2 3 4 5 6 7 8 9 10 Results 1 - 20 of 579 Free NEWSLETTER Please enable the javascript to submit this form FREE SIGN-UP Sign in Don't have any account? Create one SHOW Forgot your username/ password? 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