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 |
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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