UltraTech Cement

Last updated

UltraTech Cement Limited
Type Public
Industry Building materials
Founded1983
Headquarters Mumbai, Maharashtra, India
Key people
K.C.Jhanwar, Managing Director [1]
Products Cement
RevenueIncrease2.svg63,743.10 crore (US$8.0 billion) [2]  (2023)
Decrease2.svg10,619.90 crore (US$1.3 billion) [2]  (2023)
Decrease2.svg5,064 crore (US$630 million) [2]  (2023)
Total assets Increase2.svg91,837 crore (US$12 billion) [3]  (2023)
Total equity Increase2.svg54,380.20 crore (US$6.8 billion) [3]  (2023)
Number of employees
22,916 (2023)
Parent Aditya Birla Group
Website www.ultratechcement.com

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 133 million tonnes per annum and 105.71 million tonnes per annum sales volume. [4] [5]

Contents

History

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]

Mergers and acquisitions

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]

Related Research Articles

<span class="mw-page-title-main">Steel Authority of India Limited</span> Central Public Sector Undertaking

Steel Authority of India Limited (SAIL) is a central public sector undertaking 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.

Tata Steel Limited is an Indian multinational steel-making company, based in Jamshedpur, Jharkhand and headquartered in Mumbai, Maharashtra. It is a part of the Tata Group.

<span class="mw-page-title-main">Aditya Birla Group</span> Indian multinational conglomerate

The Aditya Birla Group (ABG) is an Indian multinational conglomerate, headquartered in Mumbai. The group has a presence in 36 nations and a combined annual revenue of $65 billion, over 50% of which is derived from its overseas operations. The group's business interests include metals, cement, fashion and retail, financial services, renewables, fibre, textiles, chemicals, real estate, trading, mining, and entertainment.

<span class="mw-page-title-main">ACC (company)</span> Indian cement manufacturing company

ACC Limited an Indian cement producer, headquartered in Mumbai. It is a subsidiary of Ambuja Cements and a part of the Adani Group. On 1 September 2006, the name of The Associated Cement Companies Limited was changed to ACC Limited. The company was established in Mumbai, Maharashtra on 1 August 1936.

<span class="mw-page-title-main">Kumar Mangalam Birla</span> Indian industrialist (born 1967)

Kumar Mangalam Birla is an Indian billionaire industrialist, philanthropist, and the chairman of the Aditya Birla Group, one of the largest conglomerates in India. He is the chancellor of the Birla Institute of Technology & Science, Pilani and ex-chairman of Indian Institute of Management Ahmedabad. According to Forbes, he has an estimated net worth of US$17.6 billion, as of October 2023 making him the 7th richest person in India.

<span class="mw-page-title-main">Bharat Petroleum</span> Indian central public sector undertaking

Bharat Petroleum Corporation Limited (BPCL) is an Indian public sector undertaking (PSU) under the ownership of the Ministry of Petroleum and Natural Gas, Government of India. It operates three refineries in Bina, Kochi and Mumbai. BPCL is India's second-largest government-owned downstream oil producer, whose operations are overseen by the Ministry of Petroleum and Natural Gas. BPCL was ranked 309th on the Fortune list of the world's biggest PSUs in 2020, and 792nd on Forbes's "Global 2000" list in 2021.

<span class="mw-page-title-main">Grasim Industries</span> Indian industrial conglomerate

Grasim Industries Limited is an Indian manufacturing company based in Mumbai. Since its inception in 1947 as a textile manufacturer, Grasim has diversified into textile raw materials like viscose staple fiber (VSF) and viscose filament yarn, chemicals and insulators, along with cement and financial services through its subsidiaries UltraTech Cement and Aditya Birla Capital respectively. The company is a part of the Aditya Birla Group.

<span class="mw-page-title-main">India Cements</span> Indian cement manufacturing company

The India Cements Limited is a cement manufacturing company based in Chennai. It is the 9th largest listed cement company in India by revenue. The company is headed by former International Cricket Council chairman and Board of Control for Cricket in India president N. Srinivasan.

<span class="mw-page-title-main">Mangalore Refinery and Petrochemicals Limited</span> Subsidiary of Oil and Natural Gas Corporation

Mangalore Refinery and Petrochemicals Limited (MRPL), is a division of Oil and Natural Gas Corporation (ONGC) which is under the ownership of the Ministry of Petroleum and Natural Gas of the Government of India. Established in 1988, the refinery is located at Katipalla, north from the centre of Mangalore. The refinery was established after displacing five villages, namely, Bala, Kalavar, Kuthetoor, Katipalla, and Adyapadi.

<span class="mw-page-title-main">Jaypee Group</span> Indian diversified conglomerate

Jaiprakash Associates Limited, commonly known as Jaypee Group, is an Indian conglomerate company headquartered in Noida, Uttar Pradesh, with interests in engineering, construction, power, real estate, hospitality, IT, sports and education (non-profit).

<span class="mw-page-title-main">JSW Steel</span> Indian multinational steel company

JSW Steel Limited is an Indian multinational steel producer based in Mumbai and is a flagship company of the JSW Group. After the merger of Bhushan Power & Steel, Ispat Steel and Jindal Vijayanagar Steel Limited, JSW Steel became India's second largest private sector steel company.

Shree Cement is an Indian cement manufacturer, founded in Beawar, Rajasthan, in 1979. Now headquartered in Kolkata, it is India's third largest cement producer and second largest cement company by market capitalisation. Shree Cement has moved in the last two decades from having 2 million tonne (mt) production capacity to becoming the country’s third largest cement player, with an installed capacity of 43.3 mt in India and 47.4 mt overseas. It also produces and sells power under the name Shree Power and Shree Mega Power.

<span class="mw-page-title-main">Adani Enterprises</span> Indian multinational holding company

Adani Enterprises Limited (AEL) is an Indian multinational publicly-listed holding company and a part of Adani Group. It is headquartered in Ahmedabad and primarily involved in mining and trading of coal and iron ore. Through its various subsidiaries, it also has business interests in airport operations, edible oils, road, rail and water infrastructure, data centers, and solar manufacturing, among others.

Burnpur Cement Cement-producing company in India

Burnpur Cement Limited is one of the largest producers of cement in Eastern India. The company has a plant in Asansol, West Bengal, which is functioning since 1991. It has a capacity of 1,000 TPD. The Patratu unit of Burnpur Cement Limited has a production capacity of 800 tonnes-per-day (TPD) cement.

<span class="mw-page-title-main">Berger Paints</span> Indian multinational paint company

Berger Paints Ltd is an Indian multinational paint company, based in Kolkata. This company has 16 manufacturing units in India, 2 in Nepal, 1 each in Poland and Russia. It has manufacturing units at Howrah and Rishra, Arinso, Taloja, Naltoli, Goa, Devla, Hindupur, Jejuri, Jammu, Puducherry and Udyognagar. The company has presence in five countries – India, Russia, Poland, Nepal and Bangladesh. It has an employee strength of over 3,600 and a countrywide distribution network of more than 25,000 dealers.

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.

Nestlé India Limited is the Indian subsidiary of Nestlé which is a Swiss multinational company. The company is headquartered in Gurgaon, Haryana. The company's products include food, beverages, chocolate, and confectioneries.

<span class="mw-page-title-main">Wonder Cement</span>

Wonder Cement is an Indian cement producing company that is based out of Rajasthan. It was started in 2010 under RK Group. It manufactures Portland pozzolana and ordinary Portland cement for plaster, brickwork, and other construction applications.

<span class="mw-page-title-main">Sintex</span> Indian plastic company

Sintex is the world's largest producer of plastic water tanks and Asia's largest manufacturer of corduroy fabrics.

Jaypee Infratech Ltd (JIL) is an Indian real estate company with its head office in Noida, Gautam Buddha Nagar, India. JIL was formed by Manoj Gaur elder son of Indian Entrepreneur Jaiprakash Gaur, the owner of Jaypee Group. The company is majorly engaged in the development and construction of real estate, comprising expressways, and commercial and residential buildings. The company is maintaining and developing the Yamuna Expressway Project, a 165-kilometer (km) long six-lane expressway from Greater Noida to Agra. Jaypee Infratech Ltd is listed on the Bombay Stock Exchange (BSE) and the National Stock Exchange (NSE).

References

  1. 1 2 "UltraTech Cement sets foot in AP". The Hindu. 27 July 2017. ISSN   0971-751X . Retrieved 26 September 2017.
  2. 1 2 3 "UltraTech Cement Consolidated Profit & Loss account, UltraTech Cement Financial Statement & Accounts". moneycontrol.com. Retrieved 14 April 2023.
  3. 1 2 "UltraTech Cement Consolidated Balance Sheet, UltraTech Cement Financial Statement & Accounts". moneycontrol.com. Retrieved 14 April 2023.
  4. "Ultratech Acquires cement grinding assets of burnpur cement".
  5. "Fortune India 500 2023 rankings".
  6. "Bombay High Court rejects UltraTech Cement's plan to buy JP Associates' plants in MP". The Economic Times. 27 February 2016. Retrieved 26 September 2017.
  7. "UltraTech acquires Jaypee Cement unit for Rs. 3,800 cr". Hindustan Times. 11 September 2013. Retrieved 4 March 2021.
  8. "UltraTech completes acquisition of Jaiprakash group cement business". The Economic Times. Retrieved 4 March 2021.
  9. Jain, Aniruddha (18 June 2018). "UltraTech acquires Century Textiles' cement business | M&A Critique" . Retrieved 4 March 2021.
  10. "BCL auction: UltraTech to buy Binani Cement for Rs 7,266 crore, seeks end to insolvency proceedings". businesstoday.in. 19 March 2018. Retrieved 4 March 2021.
  11. Gaur, Vatsala. "Ultratech Cement makes Binani its subsidiary". The Economic Times. Retrieved 4 March 2021.
  12. "Ultratech Cement acquires cement grinding assets of burnpur cement".