In May 2010 the cement business of Grasim Industries Ltd was de-merged and vested in Samruddhi Cement Ltd. UltraTech Cement has 18 integrated plants 1 clinkerisation plant 25 grinding units and 7 bulk terminals. In February 2016, Bombay High Court rejected UltraTech's plan to acquire two cement plants from Jaiprakash Associates. Get latest prices, models & wholesale prices for buying UltraTech Cement. The grinding unit is strategically located at a distance of less than 50 kms from Kolkata city. 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. UltraTech Cement Dividends - Check all the details of UltraTech Cement Dividends on The Economic Times. On 19 March 2018 UltraTech Cement announced that the company has in-principle concluded commercial understanding with Binani Industries Limited (BIL) for purchase of BIL's entire stake of 98.43% in Binani Cement Limited (BCL) subject to termination of insolvency proceedings against BCL entering into definite agreement and other customary and regulatory approvals. 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. Its operations span across India, UAE, Bahrain, Bangladesh and Sri Lanka. During the year 2008-09 the company increased the production capacity of Cement from 182 lakh tonnes to 219 lakh tonnes as a result of expansion of capacity at the company's unit at Andhra Pradesh Cement Works (APCW) together with a new split grinding unit at Ginigera Karnataka. Find the latest ULTRATECH CEMENT (ULTRACEMCO.NS) stock quote, history, news and other vital information to help you with your stock trading and investing. On 30 September 2015 UltraTech Cement announced that it has commissioned a cement grinding unit with a capacity of 1.6 mtpa at Dankuni in West Bengal. It is a subsidiary of the Indian multinational conglomerate, Aditya Birla Group.[4]. Analyze Promoter holdings, FII holding and DII holding trends of UltraTech Cement Ltd The cement maker’s board has approved raising capacity by 12.8 million tonnes per annum via a mix of brownfield and green field expansion, the company said in a media statement. With 100+ Ready Mix Concrete (RMC) plants in 39 cities, UltraTech is the largest manufacturer of concrete in India. [5][1], Mines and Mineral Development and Regulation Act, "UltraTech Cement Consolidated Profit & Loss account, UltraTech Cement Financial Statement & Accounts", "UltraTech Cement Consolidated Balance Sheet, UltraTech Cement Financial Statement & Accounts", "Bombay High Court rejects UltraTech Cement's plan to buy JP Associates' plants in MP", https://en.wikipedia.org/w/index.php?title=UltraTech_Cement&oldid=987836823, Companies listed on the Bombay Stock Exchange, All Wikipedia articles written in Indian English, Creative Commons Attribution-ShareAlike License, This page was last edited on 9 November 2020, at 15:01. Ltd. 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