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UltraTech board approves merger 07 October 2009 The Ultratech Cement board has announced its approval to merge with group firm Samruddhi Cement. (CW Group) UltraTech made the announcement after trading hours on Tuesday, October 6, 2009, India Infoline said. The merge is part of an effort to... Type: Article Category: Mergers & Acquisitions Bharathi commissions new unit 05 October 2009 largest competitors in India include Lafarge SA owned ACC Ltd, Holcim LtdÔÇÖs Indian division Ambuja Cements, and UltraTech a subsidiary of Aditya Birla Group. Some are concerned about a surplus in production in India. A report by CD Equisearch Pvt. Ltd... Type: Article Category: Plant Expansions UltraTech board to review consolidation plans 05 October 2009 UltraTech's board is voting on Tuesday on plans to consolidate all Aditya Birla cement units into one unit, Samruddhi. (CW Group) Grasim's proposal to join all cement business under Samruddhi will be considered by the UltraTech Cement board on Tuesday.... Type: Article Category: Mergers & Acquisitions India manufacturers report weaker Sept sales 01 October 2009 JK Lakshmi, which saw sales drop 1% to 6.8 million tons (mt) and 2% to 3.11 mt respectively. Aditya Birla Group companies, UltraTech cement and Grasim Industries all reported a 4 percent sales dip to 2.77 mt from 2.90 in the previous month. Production... Type: Article Category: Volume & Pricing Grasim consolidating cement units 01 October 2009 GrasimÔÇÖs board will meet on October 3 to consider restructuring which may include merging its cement operations with UltraTech. (CW Group) As part of its restructuring plan of Grasim Industries, the Aditya Birla Group may merge its cement operations... Type: Article Category: Mergers & Acquisitions India shipments increase in August 09 September 2009 to capacity constraints, ACCÔÇÖs growth rate was only 7 percent. Business Standard reports that the Aditya Birla group of UltraTech and Grasim experienced a growth rate of 32 percent. Likewise, Ambuja Cement showed a growth in sales of 15 percent... Type: Article Category: Volume & Pricing UltraTech ratings reaffirmed 05 September 2009 CRISIL reaffirmed UltraTech's debt ratings due to its backing by Grasim, but sees pressure on profitability going forward. (CW Group) The Indian' ratings agency said that "the ratings continue to reflect Grasim Industries (Grasim`s rated AAA/Stable/P1+... Type: Article Category: Financial India cement co's see robust growth in August 02 September 2009 in particular, showed better growth. Ambuja Cements saw a rise of over 15% while Aditya Birla, comprising Grasim and UltraTech Cement, saw a jump of 32% in dispatches. The larger companies in the north of the country ÔÇö Jaiprakash Associates, Shree... Type: Article Category: Volume & Pricing South African coal to Ultratech 26 August 2009 India's Ultratech has purchased 5-6 coal cargoes from South Africa. (CW Group) The deliveries are scheduled for Q4 and will be purchased from Adani and Visa, according to Reuters. Ultratech is reported to have paid $81.00 to $82.00 per ton for the... Type: Article Category: Financial Dalmia to add 35 million tons of capacity 12 August 2009 by Lafarge India. They will also expand into northern India, an area controlled by Ambuja Cements Ltd, ACC Ltd, and Ultratech Cement Ltd. Dalmia has formed a fully owned subsidiary Dalmia Cement Ventures Ltd. which will construct 10 million tons of... Type: Article Category: Plant Expansions Foreign co's up stakes in Indian cement industry 22 July 2009 and have increased their holdings in the sector. In particular, FIIs have increased their stakes in ACC, Ambuja Cements, UltraTech, Grasim, and Shree Cement, according to the Business Standard. All of these companies have a higher exposure in the... Type: Article Category: Mergers & Acquisitions Larsen & Toubro profits triple 16 July 2009 Larsen & Toubro, India's biggest engineering and construction company firm, said quarterly profits tripled on its sale UltraTech Cement. (CW Group) Profit jumped to 15.98 billion rupees ($328 million) in its fiscal first quarter ended June. This... Type: Article Category: Financial Grasim: Little value in merging with UltraTech 03 July 2009 After Larsen & Toubro sold its remaining 11.5% stake in UltraTech, investment bankers have proposed a merger with its owner Grasim. (CW Group) Grasim is not receptive to the idea and sees little value in going forward with it. Grasim Industries is not... Type: Article Category: Markets & Competition Ultratech purchases large quantity of coal from SA 26 June 2009 Ultratech enters into large size purchase of South African coal, preferred over low-energy Indonesian supplies. (CW Group) Ultratech has purchased 500,000 tons of coal from South Africa for delivery from July through September, reports Reuters. The... Type: Article Category: Mergers & Acquisitions Ultratech purchases large quantity of coal from SA 26 June 2009 Ultratech enters into large size purchase of South African coal, preferred over low-energy Indonesian supplies. (CW Group) Ultratech has purchased 500,000 tons of coal from South Africa for delivery from July through September, reports Reuters. The... Type: Article Category: Shipping & logistics India: "Cement valuations unjustified" 11 June 2009 cement stocks have been rallying in the market. However, Larsen & Toubro, on June 11th, sold its entire stake in the firm UltraTech Cement. Amit Srivastava, a research analyst with Karvy Stock Broking was recently interviewed by CNBC-TV18 about his... Type: Article Category: Financial Larsen & Toubro selling 8.3% stake in Ultratech 10 June 2009 & Toubro - one of India's leading engineering and construction firm - is looking to divest 10.3 million of its shares in Ultratech Cement for up to $160 million. (CW Group) L&T is said to want to sell the shares, 8.3% of the equity in the cement maker,... Type: Article Category: Mergers & Acquisitions UltraTech takes the lead in India capacity 04 June 2009 UltraTech is set to pass ACC in June to become India's largest cement manufacturer in terms of output capacity. (CW Group) UltraTech, part of the Aditya Birla group, currently produces 21.9 mtpy. The company will raise its output capacity to 23.1... Type: Article Category: Markets & Competition India cement sales rise in May 02 June 2009 year-on-year to 3.18 million tons. The group has a total production capacity of 42 million tons through the Grasim and UltraTech units. Production at Birla increased 20% to 3.24 million tons during the month. Shipments at India's third-largest... Type: Article Category: Markets & Competition UltraTech to open more retail outlets 31 May 2009 UltraTech Cement, a division of India's Aditya Birla Group, is opening 37 new outlets in the financial year 2009-10 in Gujarat, in addition to the 24 already operational in the state. [$] (CW Group) [PAID={"id":"1,2,3,4,5","title":"The content you... Type: Article Category: Markets & Competition 19 20 21 22 23 24 25 26 27 28 Results 501 - 520 of 555 Free NEWSLETTER Please enable the javascript to submit this form FREE SIGN-UP Sign in Don't have any account? Create one SHOW Forgot your username/ password? 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