Company type | Public |
---|---|
Industry | Building materials |
Founded | 1983 |
Headquarters | Mumbai, Maharashtra, India |
Key people | K.C.Jhanwar, Managing Director [1] |
Products | Cement |
Revenue | ₹71,525.09 crore (US$9.0 billion) [2] (2024) |
₹13,586 crore (US$1.7 billion) [2] (2024) | |
₹7,005 crore (US$880 million) [2] (2024) | |
Total assets | ₹100,802 crore (US$13 billion) [3] (2024) |
Total equity | ₹60,283.84 crore (US$7.5 billion) [3] (2024) |
Number of employees | 22,916 (2023) |
Parent | Aditya Birla Group |
Website | www |
UltraTech Cement Limited is an Indian multinational cement company based in Mumbai. It is the largest manufacturer of grey cement, ready-mix concrete (RMC) and white cement in India and 5th largest around the globe with an installed capacity of 151.90 million tonnes per annum and 105.71 million tonnes per annum sales volume. [4] [5]
In February 2016, Bombay High Court rejected UltraTech's plan to acquire two cement plants from Jaiprakash Associates. 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. [6] [1]
2013 - Acquired Jaypee Group's Gujarat cement unit for ₹3,800 cr. [7]
2017 - Acquired Jaiprakash Associates's six integrated cement plants for ₹16,189 cr. [8]
2018 - Entered into a scheme of arrangement with Century Textile and Industries to demerge Century's cement business into ultratech. [9]
Nov 2018 - Acquired Binani Cement for ₹7,266 cr. [10] [11]
Dec 2023 - Acquired Cement grinding assets of Burnpur Cement Ltd. From Punjab National Bank's Assest Reconstruction Company's auction for cash consideration of ₹169.79 crore (US$21 million). [12]
Steel Authority of India Limited (SAIL) is a central public sector undertaking (PSU) based in New Delhi, India. It is under the ownership of the Ministry of Steel, Government of India with an annual turnover of ₹105,398 crore (US$13 billion) for the fiscal year 2022-23. Incorporated on 24 January 1973, SAIL has 57,139 employees. With an annual production of 18.29 million metric tons, It is the largest government owned steel producer. The hot metal production capacity of the company will further increase and is expected to reach a level of 50 million tonnes per annum by 2025.
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JSW Bhushan Power & Steel Limited formerly known as Bhushan Power & Steel Limited is a steel company that is engaged in the manufacturing and marketing of steel products. It was established in 1970. In July 2019, BPSL was allegedly involved in fraud worth ₹3805.15 crore rupees, as detected by Punjab National Bank. It is one of India's most indebted companies and appears among the 12 companies referred by the Reserve Bank of India (RBI) to a bankruptcy court for the purpose of debt resolution.
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