Who Is The Founder Of Ultratech Cement?

Who Is The Founder Of Ultratech Cement
Mensen zoeken ook naar Aditya Vikram Birla Ananya Birla Neerja Birla Aryaman Birla Basant Kumar Birla Advaitesha Birla Rajashree Birla

Which country made UltraTech Cement?

UltraTech Cement Limited is an Indian cement company based in Mumbai, and a part of Aditya Birla Group. UltraTech is the largest manufacturer of grey cement, ready-mix concrete (RMC) and white cement in India with an installed capacity of 116.75 million tonnes per annum.

Who is the person in UltraTech Cement?

UltraTech Cement Limited. Mr.K.C. Jhanwar, managing director of UltraTech Cement Limited, is a veteran of the Aditya Birla Group with a career spanning more than 38 years in the Group. A chartered accountant by profession, Mr Jhanwar joined the Cement business of Aditya Birla Group as a management trainee in 1981.

Who is promoter of UltraTech Cement?

Chairman, UltraTech Cement Limited. – Mr. Kumar Mangalam Birla is the Chairman of the Aditya Birla Group. He chairs the Boards of all of the Group’s major companies in India and globally. Among its clutch of companies globally feature Novelis, Columbian Chemicals, Aditya Birla Minerals, Aditya Birla Chemicals, Thai Carbon Black, Alexandria Carbon Black, Domsjö Fabriker and Terrace Bay Pulp Mill.

In India, he chairs the Boards of Hindalco, Grasim, UltraTech, Vodafone Idea and Aditya Birla Capital Limited. The Group’s businesses are spread across a swath of industries. These include aluminium, copper, cement, textiles (pulp, fibre, yarn, fabric and branded apparel), carbon black, insulators, natural resources, solar power, agribusiness, telecommunications, financial services, retail and trading.

Mr. Birla took over as Chairman of the Group in 1995, at the age of 28, after the untimely demise of his father. As Chairman, Mr. Birla has taken the Aditya Birla Group to an altogether higher growth trajectory. In the 24 years that he has been at the helm of the Group, he has accelerated growth, built a meritocracy and enhanced stakeholder value.

  • In the process, he has raised the Group’s turnover from US$ 2 billion in 1995, to US$ 48.3 billion today. Mr.
  • Birla has restructured the businesses to emerge as a global/national leader in the sectors in which the Group operates.
  • He has made 36 acquisitions in 20 years in India and globally, the highest by an Indian multinational in India.

The acquisition of Novelis, a global metals major, in 2007, the second largest acquisition ever by an Indian company, led to a new found respect for Indian companies and stoked a higher level of interest in the country as well. The subsequent acquisition of Columbian Chemicals, a US based company and the world’s 3rd largest carbon black manufacturer positioned the Group as the No.1 player in this sector, given its own sizeable carbon black operations today.

  • Likewise, the acquisition of Domsjö Fabriker, a leading Swedish speciality pulp manufacturer enables the Group’s Pulp and Fibre business to further consolidate its global position.
  • The acquisition of CTP GmbH – Chemicals & Technologies for Polymers in Germany was yet another milestone acquisition.
  • Recently, Mr.

Birla through Novelis, our Group company, had bid for Aleris, a US major metals company for a consideration of 2.6 billion dollars. Besides these, over the years Mr. Birla has acquired manufacturing plants in Canada, China, Indonesia and mines in Australia, set up new plants in Egypt, Thailand and China.

Alongside, he has expanded capacities in all of the Group’s manufacturing units. In India as well, he has made major acquisitions, among which feature (a selective list) Jaypee Cement plants, Binani Cement, Cement division of Larsen & Toubro, Indal from Alcan, Madura Garments from Coats Viyella, the Chlor Alkali division of Kanoria Chemicals and Solaris Chemtech Industries.

The most recent merger of Vodafone and Idea engineered by Mr. Birla has created the largest telecom operator in India and the world’s second largest player. Under his stewardship, the Aditya Birla Group enjoys a position of leadership in all the major sectors in which it operates.

Over the years, Mr. Birla has built a highly successful meritocratic organization, anchored by an extraordinary force of 120,000 employees belonging to 42 different nationalities. The Aditya Birla Group has been ranked 4th in the world and 1st in Asia Pacific in the ‘Top Companies for Leaders’ study 2011, conducted by AON Hewitt, Fortune Magazine and RBL (a strategic HR and leadership Advisory firm).

The Group has topped Nielsen’s Corporate Image Monitor 2014-15 and emerged as the Number 1 corporate, the ‘Best in Class’, for the third successive year. The Group won yet again the coveted recognition of ‘The Best Employers to work for in India’ by AON – Hewitt in 2018.

Mr. Birla holds several key positions on various regulatory and professional Boards. He was a Director on the Central Board of Directors of the Reserve Bank of India. He was Chairman of the Advisory Committee constituted by the Ministry of Company Affairs and also served on The Prime Minister of India’s Advisory Council on Trade and Industry.

As the Chairman of Securities and Exchange Board of India (SEBI) Committee on Corporate Governance, he authored the First Report on Corporate Governance titled ‘‘Report of the Kumar Mangalam Birla Committee on Corporate Governance”. Its recommendations were path breaking and became the basis of corporate governance norms.

  1. Furthermore, as the Convener of the Prime Minister’s Task Force on Administrative and Legal Simplifications, the extensive recommendations made by him in his report, have been implemented in totality. Mr.
  2. Birla also served as Chairman of SEBI’s committee on Insider Trading, which formulated Corporate Governance principles for Indian corporates.

He is on the National Council of the Confederation of Indian Industry and the Apex Advisory Council of the Associated Chambers of Commerce and Industry of India. Mr. Birla is deeply engaged with Educational Institutions. He is the Chancellor, of the renowned Birla Institute of Technology & Science (BITS), with campuses in Pilani, Goa, Hyderabad and Dubai.

  1. Mr. Birla is the Chairman of IIM, Ahmedabad.
  2. He is a Director of the G.D.
  3. Birla Medical Research & Education Foundation.
  4. He serves on the London Business School’s Asia Pacific Advisory Board and is a Honorary Fellow of the London Business School. Mr.
  5. Birla is the Chairman of Rhodes India Scholarship Committee.

Mr. Birla has won recognition for his exemplary contribution to leadership processes and institution/systems building. A selective list:

Ranked number two in India Today’s “The High and Mighty – Power List 2018.” CNBC-TV18 – IBLA “Outstanding Businessman of the Year 2017″ Frost & Sullivan – GIL Visionary Leadership Award 2* ABLF Global Asian Award, 2019 Amity University, Haryana – ‘Doctor of Philosophy (D.Phil.) Honoris Causa’, 2019 CNBC-TV18 – IBLA ‘Outstanding Businessman of the Year 2017′ Frost & Sullivan’s ‘The GIL Visionary Leadership Award’ (Global Innovation Leader) 2017 International Advertising Association’s (IAA) ‘CEO of the Year Award 2016′ Inducted as an Honorary Member – Rotary Club of Mumbai (November 2014) Hello Hall of Fame – Business Leader of the Year 2014 (November 2014) US India Business Council (USIBC) ‘2014 Global Leadership Award’ ‘Business Leader of the Year’, the Economic Times Awards for Corporate Excellence, 2012-13 ‘Ranked the 4th Most Powerful CEO (2013)’ in the Economic Times’ Corporate India’s Definitive Power listing of 100 CEOs Indore Management Association’s Award ‘National Indian Business Icon’, 2013 Forbes India Leadership Award – Flagship Award ‘Entrepreneur of the Year, 2012′ NDTV Profit Business Leadership Awards 2012 – ‘Most Inspiring Leader’ The Degree of Doctor of Science (Honoris Causa) in recognition of his role in ‘Pioneering great engineering products involving multi-disciplinary engineering thought processes in the country’ by the Visvesvaraya Technological University, Karnataka, 2012 NASSCOM’s ‘Global Business Leader Award’ 2012. CNBC-TV18 India Business Leader Award 2012 for ‘Taking India Abroad’ ‘GQ Business Leader of the Year Award – 2011′ from Condé Nast India Pvt. Ltd., an affiliate of Condé Nast Global ‘CNN-IBN Indian of the Year 2010 – Business’, ‘for being the most outstanding business person and making a success out of most businesses including the sunrise sector’, 2010 The All India Management Association’s (AIMA), Managing India Awards 2010 ‘Business Leader of the Year’, 2010 The AIMA – ‘RD Tata Corporate Leadership Award’, 2008 The Honorary Degree of Doctor of Science (Honoris causa) in ‘’recognition of his invaluable contribution in the field of business administration” by the G.D. Pant University of Agriculture & Technology, 2008 ‘For the development of technology and also for the involvement in the field of Industries in bringing the country at par with other countries in the field of Industries’, the SRM University in Tamil Nadu conferred the Degree of Doctor of Literature, 2008 The Asia Pacific Global HR Excellence – ‘Exemplary Leader’ Award, 2007 ‘The Global Indian Leader of the Year’ by NDTV Profit in their Business Leader Awards category, 2007 The Lakshmipat Singhania – IIM, Lucknow ‘National Leadership Award, Business Leader’, 2006 Represented India at the Ernst & Young World Entrepreneur Award in Monte Carlo, Monaco in June 2006, where he was inducted as a ‘Member of the Ernst & Young World Entrepreneur of the Year Academy’ ‘The Ernst & Young Entrepreneur of the Year’ Award, 2005 ‘Young Super Performer in the CEO Category’ by Business Today, 2005 Chosen by the World Economic Forum (Davos) as one of the ‘Young Global Leaders’, 2004 ‘The D. Litt (honoris Causa) Degree’ by The Banaras Hindu University, 2004 ‘Honorary Fellowship’ by the All India Management Association, 2004 ‘The Business Leader of the Year’, The Economic Times Awards for Corporate Excellence 2002-2003 ‘Business Man of the Year-2003′ by Business India The Rajiv Gandhi Award for ‘Business Excellence and his contribution to the country’ by the Mumbai Pradesh Youth Congress, 2001 The National HRD Network, ‘The Outstanding Business Man of the Year’, 2001 The Institute of Directors’ ‘Golden Peacock National Award for Business Leadership’, 2001 Hindustan Times, ‘The Businessman of the Year’, 2001 The Bombay Management Association – ‘The Management Man of the Year 1999-2000′ ‘Among the 10 super Stars of Corporate Finance’ – Global Finance, 1998 ‘Among the top 10 of India’s most admired and respected CEOs and the top CEO of the coming millennium’, Business World, 1998 017 International Advertising Association’s (IAA) “CEO of the Year Award 2016” Inducted as an Honorary Member – Rotary Club of Mumbai (November 2014) Hello Hall of Fame – Business Leader of the Year 2014 (November 2014) US India Business Council (USIBC) “2014 Global Leadership Award” “Business Leader of the Year”, the Economic Times Awards for Corporate Excellence, 2012-13 ‘Ranked the 4th Most Powerful CEO (2013)’ in the Economic Times’ Corporate India’s Definitive Power listing of 100 CEOs Indore Management Association’s Award ‘National Indian Business Icon’, 2013 Forbes India Leadership Award – Flagship Award “Entrepreneur of the Year, 2012” NDTV Profit Business Leadership Awards 2012 – “Most Inspiring Leader” The Degree of Doctor of Science (Honoris Causa) in recognition of his role in “pioneering great Engineering products involving Multi-disciplinary Engineering thought processes in the Country” by the Visvesvaraya Technological University, Karnataka, 2012 NASSCOM’s ‘Global Business Leader Award’ 2012 CNBC-TV18 India Business Leader Award 2012 for “Taking India Abroad” “GQ Business Leader of the Year Award – 2011” from Condé Nast India Pvt. Ltd., an affiliate of Condé Nast Global “CNN-IBN Indian of the Year 2010 – Business”, “for being the most outstanding business person and making a success out of most businesses including the sunrise sector”, 2010 The All India Management Association’s (AIMA), Managing India Awards “Business Leader of the Year”, 2010 The AIMA – “JRD Tata Corporate Leadership Award”, 2008 The Honorary Degree of Doctor of Science (Honoris Causa) in “recognition of his invaluable contribution in the field of Business Administration” by the G.D. Pant University of Agriculture & Technology, 2008 “For the development of technology and also for the involvement in the field of Industries in bringing the country at par with other countries in the field of Industries”, the SRM University in Tamil Nadu conferred the Degree of Doctor of Literature, 2008 The “Asia Pacific Global HR Excellence – Exemplary Leader” Award, 2007 “The Global Indian Leader of the Year” by NDTV Profit in their Business Leader Awards category, 2007 Represented India at the Ernst & Young World Entrepreneur Award in Monte Carlo, Monaco in June 2006, where he was inducted as a “Member of the Ernst & Young World Entrepreneur of the Year Academy” “The Ernst & Young Entrepreneur of the Year” Award, 2005 “Young Super Performer in the CEO Category” by Business Today, 2005 Chosen by the World Economic Forum (Davos) as one of the “Young Global Leaders”, 2004 “The D. Litt (Honoris Causa) Degree” by The Banaras Hindu University, 2004 “Honorary Fellowship” by the All India Management Association, 2004 “The Business Leader of the Year”, The Economic Times Awards for Corporate Excellence, 2002-2003 “Business Man of the Year-2003” by Business India The Rajiv Gandhi Award for “Business Excellence and his contribution to the country” by the Mumbai Pradesh Youth Congress, 2001 The National HRD Network, “The Outstanding Business Man of the Year”, 2001 The Institute of Directors’ “Golden Peacock National Award for Business Leadership”, 2001 Hindustan Times, “The Businessman of the Year”, 2001 The Bombay Management Association – “The Management Man of the Year 1999-2000” “Among the 10 Super Stars of Corporate Finance” – Global Finance, 1998 “Among the top 10 of India’s most admired and respected CEOs and the top CEO of the coming millennium”, Business World, 1998

You might be interested:  What Paint To Use On Roof Tiles?

A firm practitioner of the trusteeship concept, Mr. Birla has institutionalized the concept of caring and giving at the Aditya Birla Group. With his mandate, the Group is involved in meaningful welfare driven activities that distinctively impact the quality of life of the weaker sections of society, surrounding hundreds of villages that are among the poorest in India, Thailand, Indonesia, Philippines and Egypt.

Under Mr. Birla’s stewardship, the Group’s CSR investment is around Rs.250 crore. In India, the Group is engaged in 5,000 villages, reaching out to 7.5 million people annually and making a difference to their lives through meticulously conceived projects focusing on health care, education, sustainable livelihood, infrastructure and social causes.

For instance, the Group runs 56 schools which provide quality education to 45,000 children. Of these, over 18,000 children are from underprivileged communities. Additionally, over a 100,000 youngsters benefit from bridge educational programmes and vocational training.

  • Its 22 hospitals tend to more than a million villagers.
  • In line with its commitment to sustainable development, has partnered with the Columbia University in establishing the Columbia Global Centre’s Earth Institute in Mumbai.
  • To embed CSR as a way of life in organizations, has set up the FICCI – Aditya Birla CSR Centre for Excellence, in Delhi.

A Commerce Graduate from the University of Mumbai, Mr. Birla is a Chartered Accountant. He earned an MBA from the London Business School. Born June 14, 1967, in Kolkata, Mr. Birla was raised in Mumbai. Mr. Birla and his wife, Mrs. Neerja Birla, have three children, Ananyashree, Aryaman Vikram and Advaitesha.

What is the full name of UltraTech Cement?

UltraTech Cement Ltd. (ULTRACEMCO) – Company History – UltraTech Cement Limited is the largest manufacturer of grey cement Ready Mix Concrete (RMC) and white cement in India. It is also one of the leading cement producers globally, With a consolidated Grey Cement Capacity of 120 MTPA it is the third largest cement producer in the world excluding China and the only one globally (out of China) to have over 100 MTPA of cement manufacturing capacity in a single country.UltraTech Cement has 23 integrated plants 1 clinkerisation plant 27 grinding units and 8 bulk packaging terminals.

Its operations span across India UAE Bahrain and Sri Lanka. UltraTech Cement is also India’s largest exporter of cement reaching out to meet the demand in countries around the Indian Ocean and the Middle East. UltraTech Cement is a subsidiary of Grasim Industries Ltd. UltraTech Cement Ltd. was incorporated on August 24 2000 as a Public Limited Company with the name L&T Cement Limited as a 100% subsidiary of Larsen & Toubro Limited.

In November 2003 name of the Company was changed from L&T Cement Limited to UltraTech Chem Co. Limited. In the year 2004 pursuant to the Scheme of Arrangement the Cement business of Larsen & Toubro Ltd was demerged and transferred to the Company with effect from April 1 2003.

  • In May 14 2004 the Company acquired four crore Equity Shares of Larsen & Toubro Ceylino (Pvt.) Ltd.
  • From Larsen & Toubro Ltd.
  • At an aggregate consideration of Rs.23.03 crore.In July 2004 Grasim Industries Ltd acquired management control of the company and in October 14 2004 the name of the company was changed from UltraTech ChemCo Ltd to UltraTech Cement Ltd.

Also Narmada Cement Company Ltd became a subsidiary of the company by virtue of the scheme of arrangement for de-merger of cement business of Larsen & Toubro Ltd.During the year 2005-06 the company increased the production capacity of Cement from 155 lakh tonnes to 170 lakh tonnes.

  1. As per the scheme of amalgamation Narmada Cement Company Ltd was amalgamated with the company.
  2. Thus the entire undertaking of Narmada Cement Company Ltd was transferred to the company with effect from October 1 2005.During the year 2007-08 the company increased the production capacity of Cement from 170 lakh tonnes to 182 lakh tonnes.

They set up 15 Ready Mix Concrete plants across the country. In March 2008 the Clinkerisation (pyrosection) unit at Andhra Pradesh Cement Works (APCW) was commissioned. During the year 2008-09 the company increased the production capacity of Cement from 182 lakh tonnes to 219 lakh tonnes as a result of expansion of capacity at the company’s unit at Andhra Pradesh Cement Works (APCW) together with a new split grinding unit at Ginigera Karnataka.

They commenced commercial production of cement from their unit in APCW and grinding unit at Ginigera. During the year the company commissioned 192 MW captive TPPs at their units at APCW Hirmi Cement Works (HCW) in Chhattisgarh and Gujarat Cement Works (GCW) in Gujarat in a phased manner. Also they set up new Ready Mix Concrete (RMC) plants and thus increased the RMC capacity to 4.76 million cubic metres per annum.

During the year 2009-10 the company increased the production capacity from 219 lakh tonnes to 231 lakh tonnes. They incorporated a wholly-owned subsidiary company in UAE in the name of ‘UltraTech Cement Middle East Investments Ltd’. In May 2010 the cement business of Grasim Industries Ltd was de-merged and vested in Samruddhi Cement Ltd.

  • In July 2010 Samruddhi Cement Ltd was amalgamated with the company.
  • During the year 2010-11 the company’s wholly-owned subsidiary UltraTech Cement Middle East Investments Ltd completed the acquisition of ETA Star Cement (ETA) and acquired management control of ETA’s operations in the UAE Bahrain and Bangladesh.

The company’s capacity stands augmented to 52 MMTPA placing it among the top 10 cement companies in the world due to the merger and acquisition.On 24 July 2012 UltraTech Cement announced that it has signed an agreement with the shareholders of Gotan Lime Stone Khanij Udyog Private Limited (GKUPL) Rajasthan to acquire 100% equity shares of GKUPL.

  1. With this acquisition GKUPL has become a wholly owned subsidiary of the company.On 25 March 2013 UltraTech Cement announced that it has commissioned a clinkerisation plant of 3.3 mtpa at Rawan Raipur Chhatisgarh and a grinding unit of 1.6 mtpa at Hotgi Solapur Maharashtra.
  2. On 10 July 2013 UltraTech Cement announced that it has commissioned a clinkerisation plant of 3.3 mtpa at Malkhed in Karnataka.The Board of Directors of UltraTech Cement at its meeting held on 11 September 2013 approved the acquisition of the cement unit of Jaypee Cement Corporation Limited (JCCL) located in Gujarat by way of demerger through a Scheme of Arrangement between JCCL and the company.
You might be interested:  How To Keep Asbestos Roof Cool In Summer?

JCCL is a wholly-owned subsidiary of Jaiprakash Associates Limited (JAL). The combined capacity of both the divisions of the Gujarat unit is 4.8 mtpa of cement with 57.5 MW coal based thermal power plant limestone reserves for over 90 years at current capacity and a captive jetty at Sewagram.

The enterprise value is Rs 3800 crore besides the actual net working capital at closing. On 20 February 2015 UltraTech Cement announced that it has won the auction conducted for a coal block at Bicharpur situated in Madhya Pradesh. The company’s bid of Rs 3003 per metric ton was the highest. Commercial production from this coal block is expected to commence from FY 2018.On 16 March 2015 UltraTech Cement announced that it has commissioned a clinkerisation plant of 2 mtpa at Aditya Cement Works Shambhupura Rajasthan.

The state of the art plant built at a cost of Rs 1250 crore can run on all kinds of fuel. On 26 March 2015 UltraTech Cement announced that the Rajasthan High Court has by its order dated 25 March 2015 quashed and set aside the order relating to cancellation of the mining lease of the limestone mines in the name of the company’s wholly owned subsidiary Gotan Limestone Khanij Udyog Private Limited (GKUPL) and all consequential actions of the Rajasthan state government.

The court has directed to handover the possession of mining lease to GKUPL forthwith. This will enable GKUPL to take possession and operate the mines.On 28 August 2015 UltraTech Cement announced that it has commissioned a bulk terminal with a capacity of 2 mtpa in Pune Maharashtra. On 22 September 2015 UltraTech Cement announced that it has commissioned a cement grinding unit with a capacity of 1.6 mtpa at Jhajjar in Haryan.

The 3rd line at Aditya Cement Rajasthan commissioned in March 2015 will cater to the clinker requirement of this plant. On 30 September 2015 UltraTech Cement announced that it has commissioned a cement grinding unit with a capacity of 1.6 mtpa at Dankuni in West Bengal.

Clinker requirement of the Dankuni grinding unit will be met through Rawan Cement Works in Chhattisgarh. The grinding unit is strategically located at a distance of less than 50 kms from Kolkata city. On 26 February 2016 UltraTech Cement announced the withdrawal of the Scheme of Arrangement between the company and Jaiprakash Associates (JAL) for the acquisition of JAL’s entire cement business including mining leases situated at Bela and Siddhi in Madhya Pradesh as a going concern on a slump exchange basis.

The company decided to withdraw the Scheme of Arrangement between the company and Jaiprakash Associates (JAL) after the High Court indicated that based on the recent amendments in the provisions of the Mines and Minerals (Development & Regulation) Act 1947 (MMDRA) preventing transfer of mines granted other than through auction and in the absence of any clear timelines for any amendment/clarification in the MMDRA the court cannot sanction the Scheme.

Earlier UltraTech Cement’s Board of Directors had at its meeting held on 23 December 2014 approved a proposal for the acquisition of cement units of Jaiprakash Associates Limited (JAL) located in Madhya Pradesh at an enterprise value of Rs 5400 crore. On 19 April 2016 UltraTech Cement announced that the company has commissioned a cement grinding unit with a capacity of 1.6 mtpa at Pataliputra in Bihar.

The unit will cater to the markets of eastern India. On 9 May 2016 UltraTech Cement announced that its Board of Directors have approved a proposal for increase in investment limits by Registered Foreign Portfolio Investors from the existing 24% of the paid-up equity share capital to 30% of the paid-up equity share capital of the company.

The Board of Directors of UltraTech Cement at its meeting held on 4 July 2016 approved a Scheme of Arrangement between the company Jaiprakash Associates Jaypee Cement Corporation and their respective shareholders and creditors for acquisition of cement plants for a total capacity of 21.2 mtpa at an enterprise value of Rs 16189 crore.

Earlier the Board had at its meeting held on 31 March 2016 approved signing definitive agreements for the acquisition of the identified cement plants Jaiprakash Associates in the states of Madhya Pradesh Uttar Pradesh Himachal Pradesh Uttarakhand and Andhra Pradesh having a capacity of 21.2 mtpa at an enterprise value of Rs 15900 crore.

At that time UltraTech Cement also announced that the company and Jaiprakash Associates have agreed to exclude the 1.2 mtpa capacity in Karnataka as envisaged earlier. Earlier on 28 February 2016 UltraTech Cement announced that it had entered into a binding Memorandum of Understanding (MoU) with Jaiprakash Associates for the acquisition of its identified cement plants having total capacity of 22.4 mtpa situated in Madhya Pradesh Uttar Pradesh Himachal Pradesh Uttarakhand Andhra Pradesh and Karnataka at an enterprise value of Rs 16500 crore.

On 7 July 2016 UltraTech Cement announced that the company participated in the auction of coal linkages for the cement sector in Maharashtra and secured 52000 TPA of G10 grade coal at basic floor price of Rs 1510 per ton and premium of Rs 20 per ton.

The company also secured coal linkage of 30000 TPA of grade 8 coal at basic floor price of Rs 2060 per ton in Maharashtra. On 26 July 2016 UltraTech Cement announced that the company participated in the auction of coal linkages for the cement sector and secured 95000 tons of coal at a premium of Rs 80 per ton over base price of Rs 970 per ton from Junadhi Mines in Chhattisgarh.On 28 July 2016 UltraTech Cement announced that it has participated in the auction of coal linkage for captive power plant sub-sector and secured 27600 tons of coal at a premium of Rs 150 per ton over notified price of Rs 970 per ton and 19700 tons of coal at a premium of Rs 150 per ton over notified price of Rs 970 per ton from Dipka Mines (SCDG) in Chhattisgarh.On 2 August 2016 UltraTech Cement announced that it has participated in the auction of coal linkage for captive power plant sub-sector and secured 1.29 lakh tons of coal at a premium of Rs 100 per ton over floor price of Rs 970 per ton from Gevra Road mines in Maharashtra and 138200 tons of coal at a premium of Rs 125 per ton over floor price of Rs 970 per ton from New Kusmunda (NKCR) mines in Chhattisgarh.

On 19 January 2017 UltraTech Cement announced that the Competition Commission of India (CCI) in a reference filed by the state government of Haryana for alleged cartelization in August 2012 has passed an order directing the company and other opposite parties to `cease and desist’ from indulging in the acts/conducts which have been found to be in contravention of the provisions of the Competition Act 2002.

CCI also slapped a penalty of Rs 68.30 crore on the company being 0.3% of the average turnover for the financial years 2012-13 2013-14 and 2014-15. UltraTech Cement said at that time that it will take appropriate action after examining the CCI order fully. On 12 May 2017 UltraTech Cement announced that it has commissioned a 0.3 mtpa slag cement manufacturing capacity at its existing facilities at Patliputra in Bihar.

This will bolster its capabilities to meet the growing demand for slag cement from the markets of Easter India. On 29 June 2017 UltraTech Cement announced that it has completed the acquisition of Jaiprakash Associates’ six integrated cement plants and five grinding units spread across Himachal Pradesh Uttar Pradesh Uttarakhand Madhya Pradesh and Andhra Pradesh with a capacity of 21.2 million tons.

The Board of Directors of UltraTech Cement at its meeting held on 9 December 2017 approved the setting up of a 3.5 mtpa integrated cement plant at Pali Rajasthan at an investment of around Rs 1850 crore. Commercial production from the plant is expected to commence by June 2020. The plant will cater to the markets in western Rajasthan where UltraTech does not have a significant presence.

On 6 March 2018 Reserve Bank of India notified increase in limit for investment in the equity share capital of the company by Foreign Portfolio Investors (FPIs) from 30% to 40% of the paid up capital of the company. Earlier on 9 December 2017 the Board of Directors of UltraTech Cement approved proposal for an increase in the investment limit by Registered Foreign Portfolio Investors including foreign institutional investors (FIIs) from 30% to 40% of the paid up equity share capital of the company.

On 19 March 2018 UltraTech Cement announced that the company has in-principle concluded commercial understanding with Binani Industries Limited (BIL) for purchase of BIL’s entire stake of 98.43% in Binani Cement Limited (BCL) subject to termination of insolvency proceedings against BCL entering into definite agreement and other customary and regulatory approvals.

BIL is independently seeking termination of insolvency proceedings against BCL. The Board of Directors of UltraTech Cement at its meeting held on 19 March 2018 agreed to issue of a comfort letter confirming that the company will provide funds amounting to Rs 7266 crore being the amount it had offered to the Committee of Creditors in terms of the Resolution Plan submitted by it for acquiring BCL.

  • BIL will use the letter of comfort issued by UltraTech Cement as a support in its application seeking termination of the insolvency proceedings against BCL.During the fiscal 2019 the company spent over Rs 1600 crore on various Capex initiatives.
  • Also upon the infusion of funds to the extent of Rs 3400 crore the company acquired UltraTech Nathdwara Cement Ltd.
You might be interested:  Which Polysaccharide Is Referred As Animal Cement?

having an installed capacity of 6.25 MTPA and w.e.f.20th November 2018 UNCL became a wholly owned subsidiary of UltraTech Cement Ltd. During FY 2019 Company commissioned a greenfield cement project of 3.5 MTPA at Manavar in Madhya Pradesh. The Scheme of Demerger for acquisition of Century Cement Business was made effective from 1st October 2019.

Consequent to this acquisition cement manufacturing capacity stands augmented to 114.8 MTPA including its overseas capacity. In the FY2020 the company spent Rs 1595 crore on various Capex initiatives.During the year 2020 Company commissioned 33MW of Waste Heat Recovery System (WHRS) capacity.The name of Dakshin was struck off from the Register of Companies maintained by the Registrar of Companies Hyderabad with effect from 9th April 2021.

Consequently Dakshin stood dissolved and ceased to be a subsidiary of Company. During FY 2022 Company commissioned cement capacity of 3.2 MTPA at Patliputra Cement Works Bihar; Dankuni Cement Works West Bengal and Line II of Bara Grinding Unit Uttar Pradesh which is the first phase of the 19.5 MTPA capacity expansion announced inDecember 2020.

What is the old name of UltraTech Cement?

Ultratech Cement: Reports, Company History, Directors Report, Chairman’s Speech, Auditors Report of Ultratech Cement – NDTV Ultratech Cement was incorporated in 2000 as Larsen & Toubro. Later it was demerged and acquired by Grasim and was renamed as Ultra Tech Cement in 2004.

Today Ultatech cement a part of Aditya Birla group, is the country’s largest exporter of cement clinker. UltraTech Cement Limited has an annual capacity of 52 million tonnes. It manufactures and markets Ordinary Portland Cement, Portland Blast Furnace Slag Cement and Portland Pozzalana Cement. It also manufactures ready mix concrete (RMC).

All the plants have received ISO 9001 certification.

  • The company has 11 integrated plants, one white cement plant, one clinkerisation plant in UAE, 15 grinding units 11 in India, 2 in UAE, one in Bahrain and Bangladesh each and five terminals, four in India and one in Sri Lanka.
  • The export markets span countries around the Indian Ocean, Africa, Europe and the Middle East.
  • Narmada Cement Company Limited was amalgamated with UltraTech in May 2006, while Samruddhi Cement Limited was amalgamated with UltraTech Cement Limited in July 2010.
  • UltraTech Cement Middle East Investments Limited, a wholly owned subsidiary of the Company acquired management control of ETA Star Cement together with its operations in the UAE, Bahrain and Bangladesh in September, 2010
  • UltraTech’s other subsidiaries are Dakshin Cements, Harish Cements, UltraTech Ceylinco (P) and UltraTech Cement Middle East Investments.
  • Products
  • It manufactures ordinary portland cement commonly used in dry–lean mixes, general–purpose ready–mixes, and even high strength pre–cast and pre–stressed concrete.

It produces Portland blast furnace that has features like lighter colour, better concrete workability, easier finishability, higher compressive and flexural strength, improved resistance to aggressive chemicals and more consistent plastic and hardened consistency.It also manufactures portland pozzolana cement.

  1. Milestone
  2. Ultratech Cement received Greentech Environment Excellence Award by the Greentech Foundation, New Delhi in the year 2000–2001
  3. The Aditya Birla Group is the 11th largest cement producer in the world and the seventh largest in Asia,
  4. In 2004–05 it received State and Zonal level I prize for overall performance in Mines safety.
  5. 2009–10
  6. State Level Environment Award (Plant)Rajiv Gandhi Environment Award for Clean TechnologyNational Award for Prevention of PollutionGreentech Environment Excellence Gold AwardAsian CSR AwardBusiness World FICCI–SEDF CSR Award
  7. IMC Ramkrishna Bajaj National Quality Award

: Ultratech Cement: Reports, Company History, Directors Report, Chairman’s Speech, Auditors Report of Ultratech Cement – NDTV

Is UltraTech a Birla company?

About UltraTech Cement Ltd | Manufacturer & Producer of Cement UltraTech Cement Limited is the cement flagship company of the Aditya Birla Group. A USD 7.1 billion building solutions powerhouse, UltraTech is the largest manufacturer of grey cement, ready mix concrete (RMC) and white cement in India. It is the third largest cement producer in the world, excluding China.

UltraTech is the only cement company globally (outside of China) to have 100+ MTPA of cement manufacturing capacity in a single country. The Company’s business operations span UAE, Bahrain, Sri Lanka and India. UltraTech has a consolidated capacity of 121.25 Million Tonnes Per Annum (MTPA) of grey cement.

UltraTech has 22 integrated manufacturing units, 27 grinding units, one Clinkerisation unit and 8 Bulk Packaging Terminals. In the white cement segment, UltraTech goes to market under the brand name of Birla White. It has one White Cement unit and two Wall Care putty unit, with a current capacity of 1.5 MTPA.

  1. With 185+ Ready Mix Concrete (RMC) plants in 85+ cities, UltraTech is the largest manufacturer of concrete in India.
  2. It also has a slew of speciality concretes that meet specific needs of discerning customers.
  3. The Building Products business is an innovation hub that offers an array of scientifically engineered products to cater to new-age constructions.

UltraTech pioneered the UltraTech Building Solutions (UBS) concept to provide individual home builders with a one-stop-shop solution for building their homes. This is the first pan-India multi-category retail chain catering to the needs of individual home builders (IHBs).

  1. The purpose of this initiative is to engage with home builders at all stages of the construction cycle, empower them with quality construction products and services, and assist in the completion of their dream homes.
  2. UltraTech is a founding member of Global Cement and Concrete Association (GCCA).
  3. It is a signatory to the GCCA Climate Ambition 2050 and has committed to the Net Zero Concrete Roadmap announced by GCCA.

UltraTech is focused on accelerating the decarbonisation of its operations. It has adopted new age tools like the Science Based Targets Initiative (SBTi) and Internal Carbon Price as well as set ambitious environmental targets through both EP100 and RE100.

UltraTech is the first company in India and the second company in Asia to issue dollar-based sustainability linked bonds. UltraTech works to actively contribute to the social and economic development of the communities in which it operates in. The Company’s social initiatives focus on education, healthcare, sustainable livelihoods, community infrastructure and social causes.

UltraTech reaches out to more than 1.6 million beneficiaries in over 500 villages in 16 states across India. : About UltraTech Cement Ltd | Manufacturer & Producer of Cement

Is UltraTech an MNC?

UltraTech Cement – Indian MNC and best company to work | Glassdoor.

Is UltraTech an Indian company?

Manufacturer & Producer of Cement UltraTech Cement Limited is the cement flagship company of the Aditya Birla Group. A USD 7.1 billion building solutions powerhouse, UltraTech is the largest manufacturer of grey cement, ready mix concrete (RMC) and white cement in India. It is the third largest cement producer in the world, excluding China.

UltraTech is the only cement company globally (outside of China) to have 100+ MTPA of cement manufacturing capacity in a single country. The Company’s business operations span UAE, Bahrain, Sri Lanka and India. UltraTech has a consolidated capacity of 121.25 Million Tonnes Per Annum (MTPA) of grey cement.

UltraTech has 22 integrated manufacturing units, 27 grinding units, one Clinkerisation unit and 8 Bulk Packaging Terminals. In the white cement segment, UltraTech goes to market under the brand name of Birla White. It has one White Cement unit and two Wall Care putty unit, with a current capacity of 1.5 MTPA.

  1. With 185+ Ready Mix Concrete (RMC) plants in 85+ cities, UltraTech is the largest manufacturer of concrete in India.
  2. It also has a slew of speciality concretes that meet specific needs of discerning customers.
  3. The Building Products business is an innovation hub that offers an array of scientifically engineered products to cater to new-age constructions.

UltraTech pioneered the UltraTech Building Solutions (UBS) concept to provide individual home builders with a one-stop-shop solution for building their homes. This is the first pan-India multi-category retail chain catering to the needs of individual home builders (IHBs).

  • The purpose of this initiative is to engage with home builders at all stages of the construction cycle, empower them with quality construction products and services, and assist in the completion of their dream homes.
  • UltraTech is a founding member of Global Cement and Concrete Association (GCCA).
  • It is a signatory to the GCCA Climate Ambition 2050 and has committed to the Net Zero Concrete Roadmap announced by GCCA.

UltraTech is focused on accelerating the decarbonisation of its operations. It has adopted new age tools like the Science Based Targets Initiative (SBTi) and Internal Carbon Price as well as set ambitious environmental targets through both EP100 and RE100.

UltraTech is the first company in India and the second company in Asia to issue dollar-based sustainability linked bonds. UltraTech works to actively contribute to the social and economic development of the communities in which it operates in. The Company’s social initiatives focus on education, healthcare, sustainable livelihoods, community infrastructure and social causes.

UltraTech reaches out to more than 1.6 million beneficiaries in over 500 villages in 16 states across India. : Manufacturer & Producer of Cement