Key Developments: UltraTech Cement Ltd (ULTC.NS)

ULTC.NS on National Stock Exchange of India

2,232.15INR
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Price Change (% chg)

Rs14.55 (+0.66%)
Prev Close
Rs2,217.60
Open
Rs2,220.00
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Rs2,236.00
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Rs2,216.00
Volume
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Avg. Vol
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Rs2,280.00
52-wk Low
Rs1,402.35

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Latest Key Developments (Source: Significant Developments)

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

UltraTech Cement Ltd Announces Exercise Of Options
Thursday, 6 Dec 2012 

UltraTech Cement Ltd announced that it has allotted 6,853 equity shares of INR10 of the Company to Option Grantees upon exercise of stock options. On allotment, the equity share capital of the Company stands increased to 274,163,363 equity shares of INR10 each aggregating to INR2,741,633,630.  Full Article

UltraTech Cement Ltd Announces Exercise of options
Monday, 10 Sep 2012 

UltraTech Cement Ltd announced that the on September 10, 2012 it has allotted 5,665 equity shares of INR10 of the Company to option grantees upon exercise of stock options. On allotment, the equity share capital of the Company stands increased to 274,095,235 equity shares of INR10 each aggregating to INR2,740,952,350.  Full Article

UltraTech Cement Ltd Declares Dividend
Thursday, 30 Aug 2012 

UltraTech Cement Ltd announced that Declaration of Dividend on Equity Shares for the year ended March 31, 2012.  Full Article

UltraTech Cement Ltd Plans To Raise INR2.5 Billion Via Bonds-The Economic Times
Thursday, 16 Aug 2012 

The Economic Times reported that UltraTech Cement Ltd is planning to raise INR2.5 billion ($44.84 million) through five year bonds at 9.15%. HSBC Bank is the sole arranger to the deal.  Full Article

UltraTech Cement Ltd Announces Acquisition Of Controlling Stake In Gotan Limestone Khanij Udyog Private Limited
Tuesday, 24 Jul 2012 

UltraTech Cement Ltd announced that the Company has signed an agreement with the shareholders of Gotan Lime Stone Khanij Udyog Private Limited (GKUPL), Rajasthan to acquire 100% equity shares of GKUPL. With this acquisition, GKUPL has become a wholly owned subsidiary of the Company. Terms of the deal were not disclosed.  Full Article

India Anti-Trust Body Imposes INR62 Billion Penalty On 11 Cement Companies Including UltraTech Cement Ltd.DJ
Thursday, 21 Jun 2012 

Dow Jones reported that India's antitrust body on Thursday imposed a total penalty of INR60 billion ($1.1 billion) on 11 cement companies for price fixing. The companies penalised by the Competition Commission of India include ACC Limited, Ambuja Cements Ltd., UltraTech Cement Ltd, Jaiprakash Associates Limited, India Cements Ltd, and the local unit of France's Lafarge S.A. The commission has found that the cement companies have not utilised the available capacity so as to reduce supplies and raise prices in times of higher demand. The penalty on each company amounted to 50% of profit for the financial years 2009-10 and 2010-11.  Full Article

MARKET EYE-India's UltraTech Cement profit may lag estimates-StarMine

* India's UltraTech Cement Ltd may lag consensus profit forecast for the October-December quarter when it reports results later in the day, Thomson Reuters StarMine's SmartEstimates shows. * StarMine's SmartEstimates, which places greater emphasis on forecasts by top-rated analysts, expects UltraTech to report a profit of 8.18 billion rupees ($133.1 million) for the quarter, compared with a consensus mean estimate of 8.90 billion rupees. * UltraTech shares were down 1.5 percent at 0354 GMT. (

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