Later it was demerged and acquired by Grasim and was renamed as Ultra Tech Cement in 2004. The company's capacity stands augmented to 52 MMTPA placing it among the top 10 cement companies in the world due to the merger and acquisition.On 24 July 2012 UltraTech Cement announced that it has signed an agreement with the shareholders of Gotan Lime Stone Khanij Udyog Private Limited (GKUPL) Rajasthan to acquire 100% equity shares of GKUPL. In 2015 the court passed the Mines and Mineral Development and Regulation Act after which the company began to make plans to acquire several cement plants as a whole by acquiring Jaiprakash Associates. The state of the art plant built at a cost of Rs 1250 crore can run on all kinds of fuel. UltraTech Cement has 23 integrated plants, 1 clinkerisation plant, 26 grinding units and 7 bulk terminals. In the white cement segment, UltraTech goes to market under the brand name of Birla White. UltraTech is a founding member of the Global Cement & Concrete Association. As per the scheme of amalgamation Narmada Cement Company Ltd was amalgamated with the company. In the year 2004 pursuant to the scheme of arrangement the cement business of Larsen & Toubro Ltd was de-merged and got transferred to the company with effect from April 1 2003. On 26 March 2015 UltraTech Cement announced that the Rajasthan High Court has by its order dated 25 March 2015 quashed and set aside the order relating to cancellation of the mining lease of the limestone mines in the name of the company's wholly owned subsidiary Gotan Limestone Khanij Udyog Private Limited (GKUPL) and all consequential actions of the Rajasthan state government. Analyze Promoter holdings, FII holding and DII holding trends of UltraTech Cement Ltd Earlier the Board had at its meeting held on 31 March 2016 approved signing definitive agreements for the acquisition of the identified cement plants Jaiprakash Associates in the states of Madhya Pradesh Uttar Pradesh Himachal Pradesh Uttarakhand and Andhra Pradesh having a capacity of 21.2 mtpa at an enterprise value of Rs 15900 crore. On 20 February 2015 UltraTech Cement announced that it has won the auction conducted for a coal block at Bicharpur situated in Madhya Pradesh. In the pre-function area, a grid with numbers was marked. Enjoy Reading! It is also one of the leading cement producers globally, and the only cement company globally (outside of China) to have more than 100 million tonne capacity in one country. On 26 February 2016 UltraTech Cement announced the withdrawal of the Scheme of Arrangement between the company and Jaiprakash Associates (JAL) for the acquisition of JAL's entire cement business including mining leases situated at Bela and Siddhi in Madhya Pradesh as a going concern on a slump exchange basis. ... Company History Locations Dividends Splits Competitors. Team Business Standard, Brexit trade deal published as UK calls for end to 'ugly' divisions, Access Exclusive content - articles, features & opinion pieces, Weekly Industry/Genre specific newsletters - Choose multiple industries/genres, Access to 17 plus years of content archives, Set Stock price alerts for your portfolio and watch list and get them delivered to your e-mail box, End of day news alerts on 5 companies (via email). 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. Kindly visit the Manage my subscription page to discover the benefits of this programme. The 3rd line at Aditya Cement Rajasthan commissioned in March 2015 will cater to the clinker requirement of this plant. Company History - UltraTech Cement 1983 -Awarpur Cement Works Plant I 1987 Awarpur Cement Works Plant II 1993 … In February 2016, Bombay High Court rejected UltraTech's plan to acquire two cement plants from Jaiprakash Associates. As a premium subscriber you get an across device unfettered access to a range of services which include: Welcome to the premium services of Business Standard brought to you courtesy FIS. If you want to know the returns for the ongoing year (2020) visit the, 2020 performance report of ULTRACEMCOstock. UltraTech Cement Ltd. will invest Rs 5,477 crore for its proposed capacity expansion plan. 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 19 January 2017 UltraTech Cement announced that the Competition Commission of India (CCI) in a reference filed by the state government of Haryana for alleged cartelization in August 2012 has passed an order directing the company and other opposite parties to `cease and desist' from indulging in the acts/conducts which have been found to be in contravention of the provisions of the Competition Act 2002. UltraTech Cement has 13 integrated plants, 1 clinkerisation plant, 19 grinding units and 7 bulk terminals. Ultratech being part of the Aditya Birla Group and has an annual production of 102 million tonnes. Here is the Marketing Mix of UltraTech cement which started in the year 1983 and has been able to emerge as the biggest cement manufacturing company.The UltraTech products are characterised by reliability, strength, and innovation. In March 2008 the Clinkerisation (pyrosection) unit at Andhra Pradesh Cement Works (APCW) was commissioned. Know more Ultratech is the largest manufacturer of grey cement, ready mix concrete (RMC) and white cement in India with an installed capacity of 116.75 million tonnes per annum, and is the only company in the world to have a capacity of over 100 million tonnes in a single country, outside of China. -Narmada Cement Company Limited amalgamated with UltraTech pursuant to a Scheme of Amalgamation being approved by the Board for Industrial & Financial Reconstruction (BIFR) in … Ultratech cement was launched in the year 1983 and has given tough competition to rival companies and now is one of the largest producers of cement in the Indian market. 5,477 crore investment towards 12.8 MTPA capacity expansion With this expansion, UltraTech’s capacity will grow to 136.25 MTPA, strengthening its pan-India presence and reinforcing its position as the third largest cement company in the world (outside of China). They set up 15 Ready Mix Concrete plants across the country. 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