In May 2010 the cement business of Grasim Industries Ltd was de-merged and vested in Samruddhi Cement Ltd. The product entered the market with the tagline “The Engineers Choice.” ULTRATECH CEMENT LTD Analysis . Also they set up new Ready Mix Concrete (RMC) plants and thus increased the RMC capacity to 4.76 million cubic metres per annum. Enjoy Reading! As a premium subscriber you get an across device unfettered access to a range of services which include: Welcome to the premium services of Business Standard brought to you courtesy FIS. The company has an installed capacity of 93 Million Tonnes Per Annum (MTPA) of grey cement. On 20 February 2015 UltraTech Cement announced that it has won the auction conducted for a coal block at Bicharpur situated in Madhya Pradesh. The Board of Directors of UltraTech Cement at its meeting held on 19 March 2018 agreed to issue of a comfort letter confirming that the company will provide funds amounting to Rs 7266 crore being the amount it had offered to the Committee of Creditors in terms of the Resolution Plan submitted by it for acquiring BCL. Ultratech is the largest manufacturer of grey cement, ready mix concrete (RMC) and white cement in India with an installed capacity of 116.75 million tonnes per annum, and is the only company in the world to have a capacity of over 100 million tonnes in a single country, outside of China. Get UltraTech Cement Ltd historical price data for ULTC stock. In the pre-function area, a grid with numbers was marked. They commenced commercial production of cement from their unit in APCW and grinding unit at Ginigera. In July 2010 Samruddhi Cement Ltd was amalgamated with the company. In 2015 the court passed the Mines and Mineral Development and Regulation Act after which the company began to make plans to acquire several cement plants as a whole by acquiring Jaiprakash Associates. UltraTech Cement Ltd. is the largest manufacturer of grey cement Ready Mix Concrete (RMC) and white cement in India. UltraTech Cement Dividends - Check all the details of UltraTech Cement Dividends on The Economic Times. View daily, … Today Ultatech cement a part of Aditya Birla group, is the country’s largest exporter of cement clinker. On 22 September 2015 UltraTech Cement announced that it has commissioned a cement grinding unit with a capacity of 1.6 mtpa at Jhajjar in Haryan. UltraTech Concrete is India’s largest and the world’s 10th largest concrete manufacturer, powering some of the biggest infrastructure projects across the country. Kindly visit the Manage my subscription page to discover the benefits of this programme. UltraTech Cement has 23 integrated plants, 1 clinkerisation plant, 26 grinding units and 7 bulk terminals. The enterprise value is Rs 3800 crore besides the actual net working capital at closing. The company decided to withdraw the Scheme of Arrangement between the company and Jaiprakash Associates (JAL) after the High Court indicated that based on the recent amendments in the provisions of the Mines and Minerals (Development & Regulation) Act 1947 (MMDRA) preventing transfer of mines granted other than through auction and in the absence of any clear timelines for any amendment/clarification in the MMDRA the court cannot sanction the Scheme. The Board of Directors of UltraTech Cement at its meeting held on 4 July 2016 approved a Scheme of Arrangement between the company Jaiprakash Associates Jaypee Cement Corporation and their respective shareholders and creditors for acquisition of cement plants for a total capacity of 21.2 mtpa at an enterprise value of Rs 16189 crore. UltraTech Cement view the history of various companies. In the year 2004 pursuant to the scheme of arrangement the cement business of Larsen & Toubro Ltd was de-merged and got transferred to the company with effect from April 1 2003. It is also one of the leading cement producers globally. It has a white cement plant with a capacity of 0.68 MTPA and 2 WallCare putty plants with a combined capacity of 0.85 MTPA. UltraTech Concrete is committed to producing high-quality as well as cost-effective products, to suit every demand. UltraTech is the largest grey cement, white cement and concrete company in India; which wants to position itself to shape the construction practices and build a beautiful tomorrow. UltraTech Cement is also India's largest exporter of cement reaching out to meet the demand in countries around the Indian Ocean and the Middle East. The court has directed to handover the possession of mining lease to GKUPL forthwith. UltraTech Cement Ltd. - ADR (UCLQF) Payout Estimation Logic Estimates are provided for securities with at least 5 consecutive payouts, special dividends not included. Earlier on 28 February 2016 UltraTech Cement announced that it had entered into a binding Memorandum of Understanding (MoU) with Jaiprakash Associates for the acquisition of its identified cement plants having total capacity of 22.4 mtpa situated in Madhya Pradesh Uttar Pradesh Himachal Pradesh Uttarakhand Andhra Pradesh and Karnataka at an enterprise value of Rs 16500 crore. Earlier the Board had at its meeting held on 31 March 2016 approved signing definitive agreements for the acquisition of the identified cement plants Jaiprakash Associates in the states of Madhya Pradesh Uttar Pradesh Himachal Pradesh Uttarakhand and Andhra Pradesh having a capacity of 21.2 mtpa at an enterprise value of Rs 15900 crore. Aditya Birla Group. [ 4 ] Bombay High Court rejected UltraTech 's plan to acquire two Cement from. 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