UltraTech Cement Ltd Share Price (ULTRACEMCO)

UltraTech Cement Receives Demand Notice from DGSTO, Kotak AMC Bullish on Cement Sector - 23 Apr, 2024

UltraTech Cement has received a demand notice from the Deputy Commissioner, Divisional GST Office (DGSTO), Kalaburagi, Karnataka, while Kotak AMC's CIO-Equity, Harsha Upadhyaya, is bullish on the cement sector's future earnings growth.

UltraTech Cement Acquires Grinding Unit from India Cements - 22 Apr, 2024

UltraTech Cement acquires a 1.1 MTPA grinding unit in Parli, Maharashtra, from India Cements for Rs 315 crore and invests Rs 504 crore for capacity expansion. Morgan Stanley maintains an overweight rating on the stock.

UltraTech Cement Acquires Grinding Unit, Plans Capacity Expansion - 21 Apr, 2024

UltraTech Cement has announced the acquisition of a grinding unit from India Cements for Rs 315 crore and plans to invest an additional Rs 504 crore in expanding the capacity of two units. The expansions will be funded through internal accruals and completed by FY26.

UltraTech Cement Acquires Grinding Unit from India Cements - 20 Apr, 2024

UltraTech Cement has acquired a grinding unit from India Cements in Parli, Maharashtra, for Rs 315 crore. The company also approved a brownfield expansion of 3 mtpa capacity at its Parli and Dhule units with an investment of Rs 504.4 crore.

Analysts Prefer Ultratech Cement, Ambuja Cements and Shree Cement - 18 Apr, 2024

According to analysts, Ultratech Cement, Ambuja Cements, and Shree Cement are preferred picks due to their strong balance sheets, lean cost structure, and well-calibrated expansion.

Prabhudas Lilladher Expects Ultratech Cement to Report Strong Q4 Results - 17 Apr, 2024

Ultratech Cement is expected to report a net profit of Rs. 1,959.9 crore, up 18.3% YoY and 15.1% QoQ, with net sales increasing by 5.4% YoY and 18.1% QoQ to Rs. 19,092.9 crore in Q4 2024. EBITDA is likely to rise by 9.3% YoY and 12.9% QoQ to Rs. 3,432.9 crore.

Ultratech Cement Faces Oversupply Concerns Despite Revenue Growth - 16 Apr, 2024

Despite expected revenue growth in the upcoming quarter, shares of Ultratech Cement and other cement companies are sliding due to oversupply and valuation concerns. However, healthy demand from government infrastructure projects may lead to buying interest for companies that manage margins well.

UltraTech & Adani Cement Expand Capacity Amidst Growing Demand - 12 Apr, 2024

UltraTech Cement is expanding its capacity while Adani Group targets a 20% market share by FY28 amidst growing demand in the Indian cement industry.

Cement Producers' Profitability Likely to be Hit in March Quarter - 10 Apr, 2024

UltraTech Cement, Dalmia Bharat and Ramco Cement have fallen 7-21% in the March quarter due to weak pricing overshadowing benefits from lower raw material costs and high-single digit growth in sales volumes. The average prices of cement are down 5-6% in the March quarter as compared with Oct-Dec, resulting in a lower operating profit made by companies on every tonne of cement sold.

UltraTech Cement Gains After Strong Earnings Growth Outlook - 08 Apr, 2024

UltraTech Cement's stock gained after Sharekhan recommended a Buy rating with a revised price target of Rs. 11,900 due to strong earnings growth outlook over FY2024E-FY2026E. The company expanded its grey cement capacity post Q3FY2024 and remains on track to achieve domestic and overall capacity targets for FY2025 and FY2027. Additionally, cement demand revived in Q4FY2024 following a weak Q3FY2024, potentially leading to improved sales volumes and performance.

UltraTech Commissions Solar Energy Project, Receives NCLT Approval - 05 Apr, 2024

UltraTech Cement has commissioned a 100 MW solar energy project in Rajasthan and received NCLT approval for the proposed scheme of amalgamation. The company also announced commissioning of two new greenfield capacities, taking total cement capacity to 151.6 million tonnes per annum. Motilal Oswal remains positive on Ultratech Cement's prospects.

UltraTech Cement Commissions New Capacity, Solar Project Amidst Price Fall - 04 Apr, 2024

UltraTech Cement commissions new capacity, takes overall capacity to 151 mtpa amidst price fall in some regions. The company also commissions a 100 MW AC solar energy project in Rajasthan. Cement rates are set for hike in April. In Q3, UltraTech Cement reports a net profit increase of 68% YoY to ₹1,777 crore.

UltraTech Commissions New Capacities and Plans Capex - 03 Apr, 2024

UltraTech Cement has commissioned two new greenfield capacities taking its total capacity to 151.6 MTPA and plans a capex of Rs.32,400 crores over the next three years. The company is also in the process of acquiring Kesoram Cement.

UltraTech Cement Plans Expansion with Investment of Rs 32,400 Crore - 02 Apr, 2024

UltraTech Cement is set to invest Rs 32,400 crore over the next three years towards its ongoing expansion plans. The company aims to take its cement manufacturing capacity to nearly 200 million tonnes per annum (MTPA). Additionally, cement stocks gained on April 2 as reports suggested that cement companies have taken an average price hike in the range of Rs 10-15 per bag across the country.

UltraTech Cement Increases Production Capacity by 2.4 Million Metric Tonnes - 28 Mar, 2024

UltraTech Cement has completed debottlenecking initiatives across various locations, resulting in an additional production capacity of 2.4 million metric tonnes per annum and enhancing the company's total domestic grey cement manufacturing capacity to 140.8 mtpa.

UltraTech Cement Acquires Stake in O2 Renewable Energy - 27 Mar, 2024

UltraTech Cement acquires 26% equity stake in O2 Renewable Energy for up to Rs 15.68 crore to meet green energy needs and comply with regulatory requirements.

UltraTech Cement Expands Capacity with New Commissioned Unit - 26 Mar, 2024

UltraTech Cement has commissioned a new 1 MTPA brownfield cement facility at Roorkee, Uttarakhand, raising the unit's capacity to 2.1 MTPA. The company's total grey cement manufacturing capacity in India now stands augmented to 138.39 MTPA. Additionally, UltraTech Cement recorded a 67% increase in net profit in Q3 FY24 and received CCI approval for Kesoram Cement acquisition while announcing a plan to invest Rs 13,000 crore for expansion.

UltraTech Cement in Arbitration with Jaiprakash Associates - 25 Mar, 2024

Jaiprakash Associates and UltraTech Cement are embroiled in arbitration over the Dalla Super cement asset in Uttar Pradesh. The proceedings are pending, according to UltraTech's last quarterly update.