This corresponds to growth of 20% year-on-year from first-quarter levels in the previous financial year. The Economic Times newspaper has reported that ICICI Securities expects UltraTech Cement's earnings before interest, taxation, depreciation and amortisation (EBITDA) to fall by 3% ...
India's Ultratech is buying a 23pc stake in fellow domestic cement producer India Cements in a further consolidation of the sector. Ultratech is spending 18.85bn rupees ($226mn) in acquiring 70.6mn shares of India Cements at a price of Rs267/t share. The share value of ...
UltraTech Cement, the flagship company of the Aditya Birla Group, has announced plans to acquire a 32.72% stake in India Cements from promoters and their associates for Rs 3,954 crore. This strategic move is expected to give it a competitive edge in the fast-growing Southern ce...
India:UltraTech Cement recorded consolidated sales of US$1.74bn in the third quarter of the 2022 financial year, up by 5.8% year-on-year. Its net profit in the quarter was US$229bn. The Business Standard newspaper reported that the producer maintained a strong cement volu...
UltraTech Cement In a bid to further strengthen its position in the South Indian markets, UltraTech Cement, the flagship company of the Aditya Birla Group, has announced plans to acquire a 32.72% stake in India Cements from promoters and their associates for Rs 3,954 crore. This ...
India:The Competition Commission of India (CCI) has raided the offices of LafargeHolcim subsidiaries ACC and Ambuja Cement and Aditya Birla subsidiary UltraTech Cement as part of an investigation into alleged anti-competitive behaviour, according to the Press Trust of ...