ULTRATECH CEMENT LIMITED
Ultratech Cement is the subsidiary of the Indian multinational conglomerate, Aditya Birla Group. It has headquarters in Mumbai. 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. Only company in the world to have a capacity of over 100 million tonnes in a single country, outside of China. The Company have business operations span UAE, Bahrain, Sri Lanka and India. UltraTech is the largest manufacturer of concrete in India with 100+ Ready Mix Concrete(RMC) plants in 39 cities.
In 2013, Ultratech Cement acquired Jaypee Group’s cement unit for Rs 3800cr. Jaiprakash Associates’ six integrated cement plants were acquired in 2017 for INR 16,189 cr. In Nov 2018, Acquired Binani Cement for INR 7,266 cr.
Ultratech Cement follows the values and principles of integrity, commitment, passion, seamlessness and speed. It aims to provide superior value to the shareholders keeping these values in mind. The company has a dedicated code of conduct for the directors as well as the employees. Apart from this Ultratech Cement also took initiatives like company reaches out to more than 1.6 million beneficiaries in over 500 villages across India covering areas of education, healthcare, sustainable livelihoods, community infrastructure and social causes. Company signed GCCA Climate Ambition 2050, a sectoral aspiration to deliver carbon neutral concrete by 2050. First company in India and the second company in Asia to issue dollar-based sustainability linked bonds.
The board of directors declared a dividend of Rs 37 per equity share for the year ended 31st March 2021. Meanwhile Ultratech Cement total income grew 15.52% and stood at Rs 14465.94 crores forQ4FY21 as compared to Rs 12522.03 crores in Q3FY21, net profit is Rs 1774.13 (11.96% more than Q3) in Q4FY21 against Rs 1584.58.
The Q4 results of Ultratech Cement were rectitude.
