Ultratech

NCLAT dismisses cement-makers' plea against Rs 6,700 cr CCI penalty for cartelisation

In August 2016, CCI had slapped approximately Rs 6,700 crore penalty on 11 cement firms including UltraTech, ACC, Ambuja, Ramco and JK Cement as well as the industry body Cement Manufacturers Association (CMA) for indulging in cartelisation.

Kumar Mangalam Birla says all is not rosy for economy, warns of near-term headwinds

Birla said rising oil prices, spiralling inflation, firming bond yields and a widening current account deficit are areas of concern

Ultra Tech to acquire Century Textiles and Industries' cement business through share swap deal

Aditya Birla Group firm UltraTech said it would acquire cement business of BK Birla Group company Century Textiles and Industries through a share swap deal

Binani Cement insolvency: NCLT asks CoC to consider UltraTech's revised offer; Dalmia 'surprised' by order

The NCLT bench also asked the CoC to reconsider resolution plan of Rajputana Properties Pvt Ltd (RRPL), if the Dalmia Bharat Group firm, was willing to raise its offer more than UltraTech's bid.

UltraTech questions resolution process, terms process of evaluating bids for Binani Cement 'fraudulent'

UltraTech apprehends that it was not declared as the H1 bidder in view of the penalty imposed by the Competition Commission of India.

NCLT asks lenders to consider Binani Industries application, suggests out-of-court settlement

NCLT asked the CoC whether it could consider application filed by Binani Industries, the parent company of Binani Cement, for a settlement outside tribunal

UltraTech says some Binani Cement creditors back its $1.1 billion bid outside of bankruptcy process

UltraTech said it had secured backing from some creditors of Binani Cement to buy firm for $1.1 billion outside of a bankruptcy process

Rakesh Jhunjhunwala, Radhakishan Damani battle it out with big industry players to bid for Binani Cement

The banks had claimed Rs 3,884 crore unpaid loans due on Binani Cement that included borrowings from the SBI, Canara Bank and Bank of Baroda.

Jaypee raises cement business value, Birla's UltraTech to now pay Rs 16,189 cr

Jaypee Group on Monday hiked the sale value of 21.2 million tonne per annum (MTPA) cement assets to Aditya Birla Group firm Ultratech to Rs 16,189 crore.

Diversifying in non-tobacco biz? ITC in talks to buy Century's paper business

ITC Ltd, India's largest cigarette maker, is in talks with Century Textile and Industries Ltd to buy its paper division in a bid to diversify revenue to non-tobacco businesses, said two sources directly involved in the deal.