Latest News on Ultratech Cement
Showing of 0 - 10 from 24 results
Ultratech Cement - Total results - 24
Nov 22, 2018
UltraTech to incorporate Binani Cement as subsidiary; acquisition gives firm access to top quality limestone reservesUltraTech Cement said on Wednesday its board has approved a proposal to incorporate Binani Cement as it a wholly-owned subsidiary.
Nov 19, 2018
SC upholds NCLAT order allowing UltraTech to acquire Binani Cement, rejects Dalmia Bharat group firm’s pleaThe Supreme Court upheld the NCLAT's last week order which had allowed the Aditya Birla group firm to acquire Binani Cement by approving its revised Rs 7,950.34 crore bid.
Nov 15, 2018
NCLAT approves UltraTech's Rs 7,900 cr bid for Binani Cement, rejects resolution plan submitted by Dalmia BharatIn approving UltraTech's resolution plan for Binani, which was auctioned to recover unpaid bank dues, the NCLAT may have set a precedence as it favoured a proposal that not just paid the financial lenders but also operational creditors.
Oct 19, 2018
UltraTech Cement Q2 net profit down 11.3% to Rs 375.74 cr on increased energy and logistics costsUltraTech Cement's total income was Rs 8,371.69 crore during the quarter under review, up 19.52 percent against Rs 7,003.85 crore in the corresponding period of the previous fiscal.
Jul 25, 2018
Cement stocks fall up to 3% after NCLAT dismisses plea against CCI penalty on 11 companiesShares of India Cements fell by 3.29 percent, UltraTech Cement dropped 2.39 percent, Ambuja Cements 1.50 percent, Grasim Industries 1.31 percent, JK Lakshmi Cement 1.26 percent and ACC 0.28 percent on BSE.
Jun 04, 2018
Binani Cement insolvency: Supreme Court says CoC can consider revised Ultratech offer but can't take final decisionRefusing to debar Binani Cement's CoC from carrying on with further proceedings, the court said that "no final order may be passed"
May 29, 2018
Binani Cement lenders vote in favour of UltraTech's Rs 7,960 cr offer; override CoC decision favouring Dalmia BharatUltraTech now becomes the H1 bidder, replacing Rajputana Properties - the bidding company for the Dalmia Bharat-led consortium
May 21, 2018
Ultra Tech to acquire Century Textiles and Industries' cement business through share swap dealAditya Birla Group firm UltraTech said it would acquire cement business of BK Birla Group company Century Textiles and Industries through a share swap deal
Apr 16, 2018
UltraTech ups the stakes with improved Rs 7,990 crore offer for beleaguered Binani CementUltraTech Cement tabled a fresh offer, for Binani, to the resolution professional on 14 April. But, a new problem seems to have surfaced.
Apr 09, 2018
Binani Industries to move Supreme Court with Rs 7,618 cr offer, has assurance of support from most lenders, says coBinani, backed by Aditya Birla groups UltraTech Cement, has already received comfort letter for financial support.