Ultratech Cement Limited: History, Latest Updates, Milestones, Subsidiaries & Share Price

Introduction

UltraTech Cement Limited, a listed company with market capitalization of Rs.1800 billion with 395000 stakeholders approximately. Its 98% of shares are dematerialized and its dividend has paid over 380% return.

UltraTech Cement Limited is the subsidiary of Aditya Birla Group. It operates on grey cement manufacturing and ready-mix concrete. It ranks one of the largest white cement manufacturers in India and is the third largest in the world. The company manufactures cement globally excluding China.It trades its products under the brand name Birla White. UltraTech Cement also provides ‘UltraTech Building Solutions’ as a one stop shop solution for building homes. Their Vision is to lead the building solutions and works on their mission to create valuable pillars through sustainability, innovation, customer centricity and team empowerment to its stakeholders.

Ultratech Cement share price as on 26 June, 2024 was Rs.11,203. Traders can get live Ultratech Cement Share price at Enrich Money stock analysis page.

Ultratech Cement Limited Moves In 2024:

January 2024

UltraTech Cement as part of green mobility initiatives has introduced electric trucks for transportation of clinkers from one unit to another.

Sewagram cement manufacturing unit has helped small milk producers in Gujarat.

As of January 2024, UltraTech Cement Share Price was Rs.10175 .

February 2024

Baikunth cement manufacturing unit has helped rural people to renew their rural Haat which has benefitted around 80 farmers.

As of February 2024, UltraTech Cement Share Price was Rs.9892.40.

March 2024

Ultratech has implemented floating solar panels to boost green energy usage.

Ultratech cement has boosted its brownfield cement capacity at Uttarakhand by 1mtps.

As of March 2024, UltraTech Cement Share Price was Rs.9647.75 .

Evolution Of Ultratech Cement Limited: From Past to Present:

Year	Evolution
1983	Set Up Plant ‘ Grasim (Vikram Cement) and Indian Rayon (Rajashree Cement)
1998	Merged Indian Rayon and Grasim Cement with a capacity of 8.5 MTPA.
2003	Increased its capacity to 14.12 MTPA
2004	Acquired L&T Cement and formed UltraTech Cement Limited with capacity of 30.04 MTPA and 1.08 MTPA (SDCCL)
2008	SDCCL got divested its Greenfield Projects . Expanded Brownfield projects Cement capacity increased to 48.9 MTPA
2010	Acquired Start Cement in Middle East . Expanded Greenfield projects . Increased cement capacity to 52 MTPA
2012	Expanded Brownfield projects in Chhattisgarh and Karnataka. Commissioned grinding unit at Hotgi, Maharashtra, cement capacity of 1.5 MT at Karnataka and cement capacity of 0.5 MT at Cochin port.
2013	Commissioned grinding capacity of 1.6 MTPA at Jharsuguda, Orissa. Acquired Sewagram unit. Acquired GU in Wanakbori, Gujarat with cement capacity of 4.8 MT. Increased cement production capacity to 62 MTPA
2014	New grinding unit commissioned at Jharsuguda at 1.6 MTPA capacity. Acquired two units of Jaypee Cement of 4.8 MTPA
2016	Achieved to be the single largest Indian cement company with production capacity of 66.3 MTPA. Commissioned grinding plants in Jhajjar, Pataliputra.
2017	Acquired Jaypee Cement of capacity 21.2 MTPA for Rs.3800 crores Achieved to be fourth largest global cement company with capacity of 93 MTPA. Acquired Jaiprakash Associates for Rs. 16189 crores.
2018	Commissioned unit in Dhar of 3.5 MTPA. Acquired Binani Cement of capacity 6.25 MTPA for Rs.7266 crores. Total cement production capacity increased to 102.75 MTPA.
2019	Demerged cement business of Century Textile and Industries and merged it with UltraTech Cement through scheme of arrangements. Achieved global production capacity of 100 MTPA globally. Total production cement capacity to 116.75 MTPA
2020	UltraTech had planned to invest Rs.5477 crores for its business expansion . The company joined hands with Climate Ambition 2050. Total cement capacity is 136.25 MTPA.
2021	UltraTech Cement has signed a MoU with PRESPL for using agricultural waste products to fuel cement manufacturing. UltraTech and RE100 has committed to 100% renewable energy usage by 2050. Total capacity increased to 112.55 in India and 117.95 globally.
2022	UltraTech Cement has been planning to invest Rs. 12886 crores to expand its capacity to 22.6 MTPA.
2023	UltraTech Cement has aimed to achieve renewable energy at 85% by 2030. The company has planned to acquire the cement business of Kesoram Industries Limited. The company has planned for an investment of Rs.13000 crores in order to increase its capacity to 182 MTPA. Achieved a remarkable record of 100 million tonnes of grey cement sales in FY2023. Acquired Burnpur Cement Limited’s cement grinding business through auction for Rs.169.79 crores.

Company Information
Name	UltraTech Cement Limited
Founded year	1983
Parent Company	Aditya Birla Group
Headquarters	Mumbai, Maharashtra
Industry	Building Materials
Current Managing Director	Mr. K. C. Jhanwar
Subsidiaries	Nil
Revenue	Rs. 63,743.10 crore
Geographical presence	Globally except China
NSE code	NSE: ULTRACEMCO
BSE code	BSE: 532538 BSE SENSEX Constituent

Inside Ultratech Cement Limited

Main News

Corporate Action

UltraTech Cement has announced its Q3FY2024 financial results. Its net sales have increased to Rs. 16487 crores and its PAT has increased to Rs.1777 crores, which is reported as the highest among all quarters.
As part of GoI’s eFAST initiatives, the company has planned to introduce 500 electric trucks and 1000 CNG/LNG vehicles by 2025.
UltraTech Cement has planned to increase its green energy future to 60% by FY26.
Ultratech cement has boosted its brownfield cement capacity at Uttarakhand by 1mtps.

Current Ultratech Cement Share Price

COMPANY NAME	SECTOR	SHARE PRICE LINK
Ultratech Cement Limited	Construction Materials	Ultratech Cement Share Price NSE

Milestones of Ultratech Cement Limited

Year	Milestones
1980	Established Grasim cement plant at Jawad in Madhya Pradesh.
1998	Merged Indian Rayon and Grasim
2001	Acquired stakes in L&T Cement Limited
2003	Expanded its business throughout India
2004	Demerger of L&T Cement Limited’s business . Grasim acquired controlling stakes of L&T Cement. Renamed to UltraTech Cement Limited.
2008	Expanded Greenfield and brownfield projects. Production capacity increased to 48.9 MTPA
2010	Demerged Grasim Cement business. Amalgamated Samruddhi Cement Limited with Ultratech Cement Limited. Acquired management control of ETA Star Cement Company by UltraTech Cement Middle East Investments Limited . Acquired Star Cement in the Middle East. Expanded operations in UAE, Bahrain and Bangladesh.
2013	Acquired Sewagram and Wanakbori, Gujarat.
2016	Production capacity reached 66.3 MTPA
2017	Acquired Jaypee Cement Business
2018	Acquired Binani Cement
2019	Merger of UltraTech Cement and Century Textiles & Industries Limited.
2021	Issued sustainability linked bonds worth USD 400 million.
2023	Achieved 100 million tonnes of grey cement sales in FY 2023.

Awards & Achievements of Ultratech Cement Limited

Year

Awards & Achievements

2023

UltraTech has been ranked as first in sustainability in the construction material sector.

The company has been recognized as ‘Leader’ in Climatic Changes by Carbon Disclosure Project.

Mr. Kumar Mangalam Birla was awarded by GoI with Padma Bhushan

2024

Mr. Kumar Mangalam Birla was awarded with ICAI Hall of Fame Award.

Mrs. Rajashree Birla was honoured with BRICS – CCI Recognition Award.

Conclusion

UltraTech Cement, a founder of ‘ Global Cement and Concrete Association’ (GCCA) works with the ambition of working in decarbonization of the company’s operations . The company has signed for ‘GCCA Climate Ambition 2050 ‘ to work on Net Zero Concrete a 2050 roadmap.

UltraTech has adapted to modern tools like the Science Based Targets Initiative and Internal Carbon Price, also set-up environmental goals through EP100 and RE100. It's the first Indian company and second in Asia to issue dollar-denominated sustainability-linked bonds. UltraTech actively supports social and economic development in its operating communities, focusing on education, healthcare, sustainable livelihoods, community infrastructure, and social causes, benefiting over 1.6 million people in 507 villages across 16 Indian states.

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