Tomorrow is different. That said, it could mean near-term pricing pressure, especially in the eastern region, which is already grappling with oversupply. India: The board of directors of Aditya Birla subsidiary UltraTech Cement has approved a planned increase in cement production capacity of 12.87Mt/yr. UltraTech Cement has announced a ₹5,477 crore expansion plan that will add 12.8 million tonnes to its annual capacity. As such, this announcement bodes well for the industry’s long-term demand outlook. Hindalco will become the world's first company to achieve 100 per cent red mud utilisation across three of its refineries, the company said in a BSE filing. It is also a marker of UltraTech’s ascent from being India’s No.1 cement player to a national champion.” Related News Covid & beyond: Mega deals save 2020; trend to continue in 2021 Shares of UltraTech Cement on Friday closed with over 4 per cent gain after the firm announced an investment plan worth Rs 5,477 crore.The stock, which zoomed 6.25 per … In the past two months, UltraTech Cement has outperformed the market by surging 23 per cent, as compared to an 11 per cent gain in the S&P BSE Sensex. Chinese stocks have banner year, gaining nearly $5 trillion, Top five stocks which made you richer by up to 500% in 2020, 'Banking, NBFC stocks to continue rally in 2021,' says Yes securities. Vedanta will receive Rs 5,843 crore as dividend from its subsidiary Hindustan Zinc that announced a dividend of Rs 21.30 per share. The board of directors of the Aditya Birla Group company approved raising capacity by 12.8 mtpa with a mix of brown-field and green-field expansion, it said. Ultratech Cement Q3 Net rises 37% to Rs 545.92 crore. IDBI Bank, Nestle India and UltraTech Cement are scheduled to announce their June quarter earnings during the day. Intrinsic Value. Ultratech Cement Ltd has announced fresh capacity expansion of 12.8 million tonnes per annum over and above the company's ongoing expansions of 6.7mtpa (Reuters) 2 … CCI aids cement giants UltraTech, LafargeHolcim units: Sources Commerce minister Piyush Goyal told parliament in 2019 the CCI was examining complaints of cartelization by cement companies. Print; India: The board of directors of Aditya Birla subsidiary UltraTech Cement has approved a planned increase in cement production capacity of 12.87Mt/yr. The Company manufactures a … Ltd (incorporated in Singapore), completed the divestment of its entire equity shareholding of 92.5 per cent in its cement subsidiary at a net consideration of $94.70 million. Prabhudas Lilladher is bullish on Ultratech Cement has recommended buy rating on the stock with a target price of Rs 5400 in its research report dated December 04, 2020. 10/16: ULTRATECH CEMENT … The share price of UltraTech Cement surged over 4 percent to hit a 52-week high on Friday after the company announced an investment of Rs 5,477 crore towards 12.8 million tonnes per annum (MTPA) capacity expansion. UltraTech Cement Ltd. News. NEW DELHI: Shares of UltraTech Cement traded higher in early trade on Wednesday ahead of its financial results for the September quarter later in the day. Nearly 52% of UltraTech’s additional capacity is focused in the east as the company aims to save on logistics costs. Net sales of the company rose 7.8 per cent to Rs 10,231 crore with robust operating margins at 27 per cent. Switch to. UltraTech Cement Ltd has laid out a three-year capacity expansion plan. Get UltraTech Cement Ltd. detailed news, announcements, financial report, company information, annual … The stock, which zoomed 6.25 per cent to a one-year high of Rs 5,198.30 during the day on the BSE, later closed at Rs 5,092.90, a gain of 4.10 per cent. Most relevant news about ULTRATECH CEMENT LIMITED: 10/22: ULTRATECH CEMENT LIMITED: announces financial results for the quarter ended 30t.. AQ. In case you can’t find any email from our side, please check the spam folder. At 11:55 am, UltraTech Cement was trading 1 per cent higher at Rs 4,758 on the BSE, as compared to … 10/21: ULTRATECH CEMENT: Second-Quarter Net Profit More Than Doubled: DJ. Find Ultratech Cement news headlines, photos, videos, comments, blog posts and opinion at The Indian Express. The Sensex stock is among the most preferred names ... UltraTech Cement Ltd., incorporated in the year 2000, is a Large Cap company (havin... UltraTech Cement Ltd., incorporated in the year 2000, is a Large Cap company (having a market cap of Rs 130961.20 Crore) operating in Cement sector. UltraTech Cement reported a 113 per cent jump in its net profit at Rs 1,234 crore for the September quarter. It joined the EP100 initiative in 2018 and agreed to double its energy productivity from the base year of 2010 with the target year of 2035. ICICI Direct is bullish on UltraTech Cement recommended buy rating on the stock with a target price of Rs 5800 in its research report dated December 10, 2020. “We have already seen players (Shree, JK Cement) announcing expansions that may cloud medium-term visibility on cement pricing," the note said. Watch now | India's premier event for web professionals, goes online! UltraTech Cement has announced a Rs 5,477 crore investment in cement capacity expansion. Company profile page for UltraTech Cement Ltd including stock price, company news, press releases, executives, board members, and contact information Find Ultratech Cement news headlines, photos, videos, comments, blog posts and opinion at The Indian Express. India’s per capita consumption of cement has risen from 190kg to 227kg in the last three to five years, according to the management. Top picks. UltraTech Cement Ltd., incorporated in the year 2000, is a Large Cap company (having a market cap of Rs 133607.90 Crore) operating in Cement sector. Intrinsic value is the calculated value of the company and may differ from current stock price. Home. For reprint rights: What's in store for technology platforms in 2021, Big changes in store for sporting world in 2021, Travel sector's future depends on Covid shot, How Mahindra's gameplan to become a global SUV player with Ssangyong backfired, India to become 5th largest economy in 2025, 3rd largest by 2030. Investment Checklist. CemNet.com » Cement News » UltraTech Cement announces 12.8Mta capacity expansion UltraTech Cement announces 12.8Mta capacity expansion 04 December 2020 UltraTech Cement’s (Aditya Birla Group Cement) Board of Directors have approved an increase of cement capacity by 12.8Mta with a mix of brownfield and greenfield expansions. UltraTech Cement Ltd. News. On … Quarterly earnings from bluechips Reliance Industries and Wipro would largely influence market trend this week in the absence of any major domestic triggers, say experts. The company, which is upbeat on the sector’s demand prospects, will increase the clinker capacity by 9.1 million tonnes (mt) and the grinding capacity by 12.8mt by Q4FY23. The board of Ultratech Cement has approved increasing capacity by 12.8 million tonnes per annum (MTPA) with a mix of brownfield and greenfield expansion. However, in the east, consumption is lower at 203kg. Join Mint channel in your Telegram and stay updated with the latest business news. Ultratech Cement Latest breaking news, pictures, photos and Video News. Intrinsic Value. Net sales of the company rose 7.8 per cent to Rs 10,231 crore with robust operating margins at 27 per cent. Search. Still, analysts have sounded caution about downward pressure on cement prices given the spree of capacity addition by other large cement makers. ETRealty.com brings latest ultratech cement news, views and updates from all top sources for the Indian Real Estate industry. “We believe that the announcements made today have added a new growth narrative as the execution of the earlier targets such as integration and profitability improvement of the acquired plants and deleveraging of the balance sheet seem to be achieving targets," analysts at Emkay Global Financial Services Ltd said in a note on 3 December. Read more about UltraTech Cement nears record high on healthy demand outlook on Business Standard. Watchlist. The move comes after … Additionally, UltraTech Cement is also adding 57MW of WHRS across these clinker expansions, in addition … Powered by Capital Market - Live News 1 cement , values your partnership. 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. The cement maker’s net sales rose 7.8 per cent to Rs 10,231 crore, from Rs 9,486 crore. One thought to consider from all of this is who might UltraTech Cement order its mills and clinker lines from? UltraTech Cement expects subdued performance as economy slows down UltraTech will work with GCCA and its members across the built environment value chain to deliver this aspiration in a circular economy, whole life context. UltraTech Cement board today approved an investment of Rs 5,477 crore for raising capacity by 12.8 million tonne, which would be a combination of brown and green field expansions. 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