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IndiaÔÇÖs UltraTech Cement plans new greenfield expansion phase 18 January 2015 Cement demand in India is expected to revive (CW Group) IndiaÔÇÖs UltraTech Cement planned its next phase of greenfield expansion after a period of aggressive acquisitions over the last two years, reports Live Mint. UltraTech currently has an installed... Type: Article Category: Markets & Competition Shares of cement makers in India rise 13 January 2015 the country have been on the rise, reports Reuters. ACC rose 3.3 percent, while Ambuja Cements posted 1.8 percent gains. UltraTech Cement surged 4.7 percent and India Cements grew 5.4 percent. However, these gains are short-lived as cement demand in... Type: Article Category: Markets & Competition IndiaÔÇÖs cement industry expected to recover in 2015 04 January 2015 growth have triggered hopes that demand could rise. However, the industry expected a change for the better only in 2015. UltraTech Cement, ACC and Ambuja Cement, IndiaÔÇÖs top three cement manufacturers, posted revenue growth of 10 percent up to... Type: Article Category: Markets & Competition India's Jaiprakash Associates sells two cement plants 23 December 2014 UltraTech acquires plants in Madhya Pradesh (CW Group) India's Jaiprakash Associates will sell two cement plants to UltraTech Cement, reports Reuters. The transaction is estimated at 54 billion rupees ($852 million) including debt. Jaiprakash has been... Type: Article Category: Mergers & Acquisitions Production of IndiaÔÇÖs Ultratech Cement will not be affected by limestone mines cancellation 21 December 2014 Transfer and mining lease of limestone mines in Nagaur district cancelled (CW Group) IndiaÔÇÖs Ultratech Cement does not expect the Rajasthan governmentÔÇÖs cancellation of limestone mines, owned by a company subsidiary, to impact the companyÔÇÖs... Type: Article Category: Markets & Competition IndiaÔÇÖs UltraTech Cement considers buying Jaiprakash cement plants 18 December 2014 UltraTech seeks to boost its production capacity (CW Group) IndiaÔÇÖs UltraTech Cement is considering acquiring Jaiprakash Associates LtdÔÇÖs cement plants in central and southern India, reports Live Mint. The deal would involve JaiprakashÔÇÖs cement... Type: Article Category: Mergers & Acquisitions Rajasthan Government retakes possession of limestone mining area in India 17 December 2014 Setback for cement manufacturer UltraTech (CW Group) IndiaÔÇÖs Mines Department of Rajasthan Government retook the possession of 10 square kilometres of limestone mining area in Nagaur district from the Aditya Vikram Birla Group company, reports The... Type: Article Category: Markets & Competition India's UltraTech reconsidering bid on Holcim's Brazil assets 12 December 2014 Bid for HolcimÔÇÖs Brazil assets has been re-evaluated by Ultra Tech (CW Group) UltraTech Cement Ltd, IndiaÔÇÖs biggest cement maker is re-evaluating its decision to bid for the Brazilian assets of Holcim SA , according to two people familiar with the... Type: Article Category: Markets & Competition IndiaÔÇÖs UltraTech Cement to raise funds for Holcim's Brazilian assets purchase 30 November 2014 UltraTech Cement made a non-binding offer (CW Group) IndiaÔÇÖs UltraTech Cement aims to raise $1.2 billion to purchase Holcim's Brazilian assets, reports Steel Guru. The Kumar Mangalam Birla-owned company is in talks with banks to fund the takeover of... Type: Article Category: Mergers & Acquisitions IndiaÔÇÖs Dalmia Bharat to place a bid on Holcim and Lafarge European assets 27 November 2014 by Holcim and Lafarge, reports The Economic Times. Dalmia Bharat is the second Indian company after Kumar Mangalam Birla's UltraTech to join the race for buying cement units of global cement giants Holcim and Lafarge which are set to merge. Dalmia... Type: Article Category: Mergers & Acquisitions India's CCI closes cartelization case 24 November 2014 were named as Penna Cements, India Cements, Bharathi Cements, Dalmia (Bharat) Cements, Bhavya Cements, Zuari Cements, Ultratech Cements, Jaypee Cements, Ramco Cements, KCP Cements and My Home Cements. ÔÇ£Save and except alleging an increase in price of... Type: Article Category: Markets & Competition India's Aditya Birla Group is looking to expand overseas 12 November 2014 UltraTech Cement may consider some Holcim and Lafarge units (CW Group) Indian billionaire Kumar Mangalam Birla is open to buying overseas cement factories in a deal similar to the $5.8 billion acquisition of aluminum maker Novelis Inc. in 2007, reports... Type: Article Category: Mergers & Acquisitions GrasimÔÇÖs cement segment posts strong results in the quarter ended September 30 29 October 2014 ended September 30, mainly driven by the cement segment, reports Business Standard. The cement business is represented by UltraTech Cement, in which Grasim holds 61.69 percent stake. Aided by strong volume growth in all segments on the back of capacity... Type: Article Category: Financial IndiaÔÇÖs JK Cement and UltraTech placed bids for cement supply contract 22 October 2014 Global tender for cement procurement by MoRTH (CW Group) Indian cement manufacturers JK Cement and UltraTech are understood to have placed bids for supplying cement to the ministry of road transport and highways (MoRTH) for its plan to construct... Type: Article Category: Markets & Competition IndiaÔÇÖs UltraTech Cement sought clarification 22 October 2014 Clarification regards Kumar BirlaÔÇÖs bids on Lafarge and Holcim assets (CW Group) IndiaÔÇÖs UltraTech Cement Ltd has sought clarification with respect to the news that Kumar Birla submitted bids to purchase global assets likely to be carved out of the... Type: Article Category: Mergers & Acquisitions India's Aditya Birla Group bids on Brazilian and Philippine assets 21 October 2014 groupings that have been formed to pursue a deal for the assets. Aditya Birla Group owns India's leading cement maker UltraTech Cement Ltd, which has a capacity of 62 million tons per year of gray cement. Copyright CW Group. All rights reserved.... Type: Article Category: Mergers & Acquisitions Indian cement firm Ultratech evaluating plans on prospective acquisition of Lafarge Brazil assets 20 October 2014 (CW Group) Amid speculation that Aditya Birla Group's flagship firm is in the race for Lafarge's cement assets in Brazil, Ultratech Cement said it is evaluating various business proposals on the matter, Economic Times reported. "In the course of... Type: Article Category: Markets & Competition IndiaÔÇÖs UltraTech Cement records steep growth in net profit 19 October 2014 CompanyÔÇÖs combined cement and clinker sales rose (CW Group) IndiaÔÇÖs UltraTech Cement posted a 55 percent year-on-year increase in standalone net profit at Rs. 410 crore for the quarter ended September 30, 2014, reports The Hindu. Standalone net... Type: Article Category: Financial IndiaÔÇÖs largest cement producer appoints additional independent directors 13 October 2014 Renuka Ramnath and Sukanya Kripalu appointed to UltraTech CementÔÇÖs board (CW Group) IndiaÔÇÖs largest cement producer, UltraTech Cement, appointed two additional independent directors on its board, reports Live Mint. Renuka Ramnath and Sukanya... Type: Article Category: People India's competition commission rejects case against UltraTech Cement 13 October 2014 The CCI said at face value, the case against UltraTech Cement has no merit at all. (CW Group) The alleged unfair business practices in the market of wholesaling of cement by Aditya Birla group firm UltraTech Cement has been rejected by fair trade... 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