Last $37.30 USD
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As of 4:30 PM 04/10/14 All times are local (Market data is delayed by at least 15 minutes).

ultratech cement-gdr (UCLQF) Snapshot

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04/10/14 - $37.30
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01/27/14 - $25.00
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ultratech cement-gdr (UCLQF) Details

UltraTech Cement Limited, together with its subsidiaries, manufactures and sells cement and cement related products in India and internationally. Its products include ordinary Portland cement, Portland blast furnace slag cement, and Portland pozzalana cement; ready mix concrete; building products, including waterproofing solutions, polymer modified mortar, lightweight autoclaved aerated concrete blocks, thin layer jointing mortar, and ready mix plaster; and white cement. The company also operates retail outlets under the UltraTech Building Solutions name offering a range of rudimentary construction products and value-added services that include technical advice during construction, construction cost calculator, vaastu consultancy, product training, and technical meets. In addition, it exports cement clinker to countries across the Indian Ocean, Africa, Europe, and the Middle East. Ultratech Cement offers white cement under the Birla White name; ready mix concrete under the UltraTech Concrete name; and new age building materials under the UltraTech Building Products Division name. The company was formerly known as UltraTech CemCo Limited and changed its name to UltraTech Cement Limited in October 2004. UltraTech Cement Limited was incorporated in 2000 and is headquartered in Mumbai, India. UltraTech Cement Limited is a subsidiary of Grasim Industries Limited.

Founded in 2000

ultratech cement-gdr (UCLQF) Top Compensated Officers

Whole-Time Director and Member of Corporate S...
Total Annual Compensation: 79.5M
Compensation as of Fiscal Year 2013.

ultratech cement-gdr (UCLQF) Key Developments

UltraTech Cement Limited Announces Resignation of M. Damodaran as Independent Director

UltraTech Cement Limited announced that Mr. M. Damodaran, Independent Director has resigned from the Board of the company with effect from June 20, 2014. Mr. Damodaran has cited increasing work load and consequent time commitments as well as the need to reduce his board level engagements as the reasons for stepping down from the Board.

Jaiprakash Associates Clarifies On Market Speculations

The Exchange had sought clarification from Jaiprakash Associates Limited (BSE:532532) with respect to the news of UltraTech Cement Limited (BSE:532538) buying Rewa cement plant in Madhya Pradesh from Jaiprakash. Jaiprakash Associates has replied as, "We have not issued any press release on the subject. The news item referred to by you is purely based on market speculation and the Company does not comment on market speculations."

UltraTech To Reportedly Acquire Rewa Cement Plant

UltraTech Cement Limited (BSE:532538) is in talks to acquire Rewa cement plant in Madhya Pradesh from Jaiprakash Associates Limited (BSE:532532), according to sources. The people with knowledge of the matter said that the talks are private. Jaiprakash Associates is reducing debt form the sale proceeds. Jaiprakash Associates plans to sell assets valued at about INR 80 billion by March 2015. Shares of Jaiprakash Associates closed at INR 88.25 amidst acquisition talks. Askari Zaidi, Jaiprakash's spokesperson, declined to comment while Pragnya Ram, a spokeswoman for Ultratech, also declined to comment, Livemint reported.


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