ultratech cement-reg s gdr
(UCLQF:OTC US)
ultratech cement-reg s gdr (UCLQF) Snapshot
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Shares Outstanding
274.2M
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EX-Date
08/16/12
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Dividend
$0.14
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Dividend Yield
143,781.01%
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UltraTech Cement Limited, together with its subsidiaries, primarily engages in the manufacture and sale of cement 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 products 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 is headquartered in Mumbai, India. UltraTech Cement Limited is a subsidiary of Grasim Industries Limited.
ultratech cement-reg s gdr (UCLQF) Top Compensated Officers
ultratech cement-reg s gdr (UCLQF) Key Developments
UltraTech Cement Limited announced that the board of directors of the company have appointed Mr. Rajiv Dube as an Additional Director on the board with effect from April 29, 2013.
UltraTech Cement Limited announced that Mr. V. T. Moorthy has resigned from the board of the company with effect from April 26, 2013.
UltraTech Cement Limited announced that the company's board approved the expansion of capacity at Aditya Cement Works in Rajasthan by 2.9 MT, including the setting up of two grinding units, which is expected to attract a capital outlay of around INR 20,000 million to be funded through a mix of internal accrual and borrowings, a company statement said. The additional facility is expected to be commissioned by March, 2015. With the commissioning of this, as well as other projects in the pipeline, the company's cement capacity will rise to 61.45 million tonnes, which currently is at 50.90 million tonnes. UltraTech has already initiated projects across many of its locations, of which clinkerisation of 3.30 million tonnes plant at Rawan, Chhattisgarh, has been commissioned. Others include grinding unit of 1.55 million tonnes at Hotgi, Maharashtra, increase in cement grinding capacity by 0.60 million tonnes at its plant in Gujarat, bulk terminal at Cochin, Kerala and wall care putty plant at Katni, Madhya Pradesh. The clinkerisation plant of 3.30 million tonnes in Karnataka is expected to go on stream in the first quarter of 2014.
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Industry Analysis
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