Ultratech emerges as preferred bidder for limestone block in Madhya Pradesh
NEW DELHI: Ultratech Ltd has emerged as preferred bidder for a limestone block in Madhya Pradesh.Ramstahn Ghunchihai limestone mine, which has reserves of 209.77 million tonnes, was auctioned in the current fiscal. The limestone mine is among five mineral blocks that have been successfully put for sale in 2021-22, according to the mines ministry. Sree […]
UltraTech Cement’s profit jumps over two-fold to Rs 1,235 crore in Q2 FY21
NEW DELHI: Aditya Birla group firm UltraTech Cement Ltd on Wednesday reported over two-fold jump in consolidated net profit to Rs 1,235.11 crore in the September quarter, mainly on account of operational efficiencies. The leading cement producer had posted a net profit of Rs 578.55 crore in July-September quarter a year ago, UltraTech Cement said […]
Kumar Mangalam Birla’s remuneration from UltraTech fell 18.8% in FY19
NEW DELHI: UltraTech’s Chairman and Non-Executive Director Kumar Mangalam Birla received an annual remuneration Rs 15.53 crore in FY 2018-19, down 18.82 per cent over the year-ago period, even as the largest cement producer posted a double digit growth in its topline. Birla, 52, had received an annual salary of Rs 19.13 crore in FY […]
Green nod for UltraTech’s 6 million tonne cement plant worth Rs 2,500 crore in Andhra Pradesh
NEW DELHI: UltraTech Cement has got environment ministry’s nod for a Rs 2,500 crore project in Andhra Pradesh, according to an official document. Under the project, the company will set up an integrated cement plant at Petnikote village in Kurnool district with a clinker capacity of 4 million tonne per annum (MTPA), 6 MTPA of […]
Cement demand expected to grow 1.2 times of GDP growth rate: UltraTech
NEW DELHI: The average cement demand is expected to grow 1.2 times of the GDP growth rate in the country over the long term, according to UltraTech Cement. The growth of industry will be primarily driven by the government-led spending on big infrastructure projects and low cost housing, besides uptick in rural housing. India is […]