Ultratech cement limited can be an American indian based concrete company which usually produces cement. The company is definitely one 1st rank in terms of market capitalization and Net sales which in turn constitutes 112, 980. 86 crores and 23, 627, 72 crores respectively. The business had income of 2627. 72 crores in financial season 2016-17 in comparison with previous year’s 2370. sixteen crores, which will states the organization is constantly raising sales and profit and focusing on regarding the company.
The company is usually into making and selling of common Portland cement, Portland fun time furnace slag cement and Portland pozzalana cement. In addition they blend bare cement and offers it since ready mix concrete. They may be having 11 integrated plants, 1 white colored cement grow, 12 grinding plant and 5 terminals out that 4 terminals are in India and 1 port is in Ceylon (veraltet). Grasim industry ltd is definitely the subsidiary of Ultratech cements ltd.
The ultratech cement ltd is country’s largest bare cement producer and exporter of cement clinker. Indian ocean, Africa, European countries and the Midsection East are the area have the company. They also have subsidiary businesses in these parts as Dakshin cement limited, Ultratech bare cement Lanka ltd and Ultratech cement middle section east investment ltd. It all started in August twenty-four, 2000, when ever Ultratech cement ltd started out its organization as open public ltd organization with the term of Larsen Toubro limited Company with as completely subsidiary of Larsen Toubro ltd. Then this company name was changed coming from Larsen Toubro ltd to Ultratech Chemco ltd in Nov, the year 2003.
Afterwards in 2004, the cement business of Larsen and Toubro td was de-merged got used in the Ultratech cement ltd in initial April 2005, and several months later the corporation bought several crores collateral shares of Larsen Toubro Ceylino Exclusive Ltd by Larsen Toubro which highly valued at 3. 03 crores.
In July 2005, Grasim Sectors Ltd attained management control of the company and October 18, 2004, the name of the company was changed by UltraTech ChemCo Ltd to UltraTech Cement Ltd. Likewise, Narmada Cement Company Ltd became an auxilliary brand of the company by virtue of the scheme of arrangement intended for de-merger of cement business of Larsen Toubro Ltd. During the year 2005-06, the company elevated the production capacity of Concrete from one hundred fifty five lakh considérations to 169 lakh soucis. As per the scheme of combinations, Narmada Concrete Company Limited was blend with the company. Thus, the entire undertaking of Narmada Concrete Company Limited was transferred to the company with effect from October 1, 2005. During the year 2007-08, the company increased the availability capacity of Cement coming from 170 lakh tonnes to 182 lakh tonnes. They will set up 15 Ready Combine Concrete crops across the country. In March 2008, the Clinkerisation unit by Andhra Pradesh Cement Performs (APCW) was commissioned. In the past year 2008-09, the business increased the production capacity of Cement from 182 lakh tonnes to 219 lakh tonnes resulting from expansion of capacity at the companys product at Andhra Pradesh Concrete Works (APCW) together with a brand new split grinding unit at Ginigera, Karnataka.
That they commenced commercial production of cement from other unit in APCW and grinding device at Ginigera. During the year, the organization commissioned hundranittiotv? MW captive TPPs for their devices at APCW, Hirmi Cement Works (HCW) in Chhattisgarh and Gujarat Cement Functions (GCW) in Gujarat in a phased way. Also, they set up new Ready Blend Concrete (RMC) plants and thus increased the RMC ability to 4. seventy six million cu metres each year. During the year 2009-10, the company elevated the production capability from 219 lakh tonnes to 231 lakh soucis. They incorporated a wholly-owned subsidiary organization in UAE in the name of UltraTech Cement Middle East Investments Ltd. In May 2010, the cement organization of Grasim Industries Limited was de-merged and vested in Samruddhi Cement Limited. In This summer 2010, Samruddhi Cement Limited was blend with the business. During the year 2010-11, the companys wholly-owned part, UltraTech Cement Middle East Investments Ltd completed the acquisition of ETA Star Concrete (ETA) and acquired management control of ETAs operations in the UAE, Bahrain and Bangladesh. The companys capacity stands augmented to 52 MMTPA placing it among the top twelve cement companies in the world as a result of merger and acquisition.
In 2012, the business has obtained 100 percent equity shares of Gotan Limestone Khanij Udyog Pvt Ltd (GKUPL), Rajasthan. The organization proposes to buy the Gujarat Cement Device of four. 8mtpa of Jaypee Cement Corporation Limited in Gujarat. In 2014 UltraTech Concrete Welcomes Fresh Network of Gujarat Bare cement Dealers. UltraTech Cement Limited completed purchase of Cement Models of Jaiprakash Associates Limited. In 2015 UltraTech Concrete commissions clinkerisation plant in Rajasthan.
