Tag: UltraTech cement

Lower sales realisation hit margins of cement makers in Q2

November 3, 2024 admin

Major cement manufacturers reported a decline in margins in the September quarter, mainly on account of lower prices, leading to lower sales realisation. Barring three leading cement producers — UltraTech Cement, Ambuja Cement, and Dalmia Bharat — other smaller players, including Nuvoco Vistas Corp, JK Cement, Birla Corporation, and Heidelberg Cement, reported a decline in…

Business

UltraTech Cement Q2 profit reports consolidated net profit ₹825 crore

October 21, 2024 admin

UltraTech Cement’s total income, which includes other income, was at ₹15,855.46 crore. File | Photo Credit: Special arrangement “UltraTech Cement Limited on Monday (October 21, 2024) reported a consolidated net profit of ₹825.18 crore for September quarter 2024-25. It had posted a net profit of ₹1,280.38 crore in July-September FY24,” according to a regulatory filing from…

Business

Sensex, Nifty close lower amid massive selling in heavyweight stocks, mixed global cues

October 7, 2024 admin

Bombay Stock Exchange (BSE). File | Photo Credit: Reuters Equity benchmark indices Sensex and Nifty settled lower for the sixth straight session on Monday (October 7, 2024) due to heavy selling in bellwether stocks including HDFC Bank and Reliance Industries amid mixed trends in the global markets and outflow of foreign funds. Falling for the…

Business

Markets decline in early trade after two days of rally

September 11, 2024 admin

Exchange Data said that FIIs bought equities worth ₹2,208.23 crore on Tuesday (September 10, 2024). File | Photo Credit: Reuters Equity benchmark indices declined in early trade on Wednesday (September 11, 2024) after two days of gains amid selling in Tata Motors and weak trends in Asian markets. The 30-share BSE Sensex fell 111.85 points…

Business

India cements acquisition: UltraTech Cement acquiring India Cements will not affect the running of CSK

July 29, 2024 admin

Photo used for representation purpose only. | Photo Credit: Reuters Following the news of UltraTech Cement acquiring India Cements’ promoters stake on Sunday, it was made clear the transaction will have no bearing on the IPL franchise, Chennai Super Kings. India Cements bought Chennai Super Kings when the IPL started in 2008, but in 2015,…

Sports

UltraTech enters into a pact with India Cements to buy additional 32.72% stake for ₹3,954 crore

July 28, 2024 admin

Aditya Birla Group Chairman Kumar Mangalam Birla. File | Photo Credit: Shashi Ashiwal Aditya Birla group-owned UltraTech on July 28 entered into a share purchase agreement with the promoters and their associates of India Cements Ltd to purchase 10,13,91,23 equity shares or 32.72% stake for ₹390 apiece totalling to ₹3,954 crore, subject to regulatory approvals….

Business