Key Developments: UltraTech Cement Ltd (ULTC.NS)

ULTC.NS on National Stock Exchange of India

3,147.90INR
23 Jan 2015
Change (% chg)

Rs25.45 (+0.82%)
Prev Close
Rs3,122.45
Open
Rs3,168.00
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Rs3,185.75
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Volume
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Rs3,185.75
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Rs1,650.30

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Latest Key Developments (Source: Significant Developments)

Ultratech Cement Ltd updates on acquisition of cement units from Jaiprakash Associates Ltd
Friday, 23 Jan 2015 

Ultratech Cement Ltd:Approved signing of the definitive agreement with of cement units of Jaiprakash Associates Ltd (JAL) for the acquisition.The acquisition will be by way of a scheme of arrangement between JAL and the company and their respective shareholders and creditors.  Full Article

Ultratech Cement Ltd announces acquisition of cement business of Jaiprakash Associates Limited
Tuesday, 23 Dec 2014 

Ultratech Cement Ltd:Approves acquiring the cement business of Jaiprakash Associates Limited (JAL) in Madhya Pradesh (MP).Integrated cement plant with clinker capacity of 2.1 mtpa and cement grinding capacity of 2.6 mtpa at Bela, Madhya Pradesh.Integrated cement plant with clinker capacity of 3.1 MTPA and cement grinding capacity of 2.3 MTPA at Sidhi, MP.180 MW TPP of which 25 MW is situated at Bela and 155 MW at Sidhi.Enterprise Value of this acquisition has been agreed at 54 bln Indian rupees.  Full Article

Ultratech Cement appoints Atul Daga as chief financial officer
Saturday, 18 Oct 2014 

Ultratech Cement Ltd:Appointed Atul Daga as chief financial officer in place of K. C. Birla effective Dec. 01.  Full Article

Ultratech Cement Ltd recommends dividend
Wednesday, 23 Apr 2014 

Ultratech Cement Ltd:Recommends dividend of nine Indian rupees per equity share of 10 Indian rupees each for year ended March 31, 2014.  Full Article

Ultratech Cement Ltd Recommends Dividend
Monday, 22 Apr 2013 

Ultratech Cement Ltd announced that the Board of Directors at its meeting held on April 22, 2013 has recommended a dividend of INR9 per equity share of IN10 each for the year ended March 31, 2013.  Full Article

UltraTech Cement To Raise $100 Million From IFC-Business Standard
Monday, 4 Feb 2013 

Business Standard reported that UltraTech Cement is planning to raise around $100 million from the International Finance Corporation (IFC). The proposed fund raising is to support an investment plan of around $297 million at Rawan village in Chhattisgarh.  Full Article

UltraTech Cement To Purchase Cement Plant Owned By ABG Cement-Economic Times
Monday, 4 Feb 2013 

Economic Times reported that UltraTech Cement has begun talks to purchase an incomplete 6.7-million-tonne cement plant in Gujarat owned by ABG Cement (ABGCL). Axis Capital the investment banking arm of Axis BankBSE, is advising UltraTech on the deal. UltraTech has offered around INR4,660 crore (INR46.60 billion ) at $130 a tonne while ABG is believed to be asking for INR5,008 crore (INR50.08 billion) at $156 a tonne.  Full Article

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