Jhanwar Cements UltraTech’s Dominance
Spate of acquisitions and organic expansion make UltraTech the top cement company in the country.
ultratech cement company
October 2024
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UltraTech raises $500 mn via sustainability-linked loan; stock gains 1%
This financing is the company’s second sustainability-linked initiative, following the $400 million bond issue in 2021.
India Cements shares surge 3% as UltraTech buys majority stake
The share price of India Cements has more than doubled in less than two months to ₹385.50, from its 52-week low of ₹172.55 touched on June 4, 2024.
This smallcap cement stock has risen 63% in one month; do you own it?
UltraTech Cement is reportedly in talks to buy a stake in this mid-size cement manufacturer.
Fitch assigns ‘Neutral’ rating to UltraTech post stake buy in India Cements
The agency expects consolidation in India’s cement industry to continue in the medium term.
RK Damani sells 6.91 cr shares of India Cements to UltraTech for ₹1,914 cr; stock falls 3%
Radhakishan Damani, the founder of DMart chain of hypermarkets, sold around 24% stake in India Cements to Ultratech Cement via block deals yesterday.
UltraTech to acquire 23% stake in India Cements for ₹1,885 cr; stocks hit their 52-week highs
UltraTech to buy up to 7.06 crore equity shares of India Cements at ₹267 per share, amounting to ₹1,885 crore.
UltraTech Cement offers to acquire 31.6% stake in UAE-based RAKWCT; stock rises
This acquisition will be executed through UltraTech's wholly-owned UAE subsidiary, UltraTech Cement Middle East Investments Ltd (UCMEIL)
UltraTech Cement Q4 profit surges 35% to ₹2,258 cr; stock up 3%
For the full year, the consolidated net profit after tax stood at ₹7,005 crore, up 38%, as against ₹5,064 crore in FY23.
UltraTech to commission 2 new units to surpass 150 mtpa capacity
UltraTech Cement says it will invest ₹32,400 crore towards ongoing capex over the next three years.
