UltraTech Cement

In December 2024, the Company has received approval to acquire approximately 8.69% stake in Star Cement for a total consideration of up to Rs. 851 crore (US$ 98 million). The board of UltraTech has agreed to purchase up to 3.70 crore shares, in addition to other applicable charges.

UltraTech Cement plans to add 7.5 MTPA of cement capacity in FY25, following the commissioning of 8.7 MTPA in the April-June quarter, bringing its total capacity to nearly 150 MTPA. The new capacity will primarily come from brownfield expansions, including a 4.5 MTPA integrated unit in Madhya Pradesh scheduled for completion in Q1 FY25.

On June 27, 2024, UltraTech Cement announced its acquisition of a stake worth up to US$ 228 million in rival India Cements, securing a 23% stake in a move to defend its market position against the Adani group. This investment aims to bolster UltraTech's presence in southern India, where it currently holds an 11% market share, compared to Adani's 6%.

UltraTech Cement allocates Rs. 32,400 crore (US$ 3.89 billion) for capital expenditure over the next three years, aiming to increase capacity to 200 MTPA; recent commissioning of two greenfield projects adds 5.4 MTPA, with ongoing expansions set to bring total capacity to 198.2 MTPA, supporting India's robust growth trajectory in the cement sector.

In December 2023, UltraTech Cement concluded an agreement to acquire Kesoram Cement from Kesoram Industries for US$ 912 million.

In October 2023, UltraTech Cement announced planned new capital expenditure (CAPEX) investments worth US$ 1.56 billion to grow its production capacity, beginning in the 2026 financial year.

On August 2, 2023, UltraTech Cement Ltd. announced the commissioning of the 1.2 million tonnes per annum (mtpa) brownfield cement capacity at Magdalla, Gujarat.

In May 2023, UltraTech Cement Ltd,’s wholly owned subsidiary UltraTech Nathdwara Cement Ltd (UNCL) commissioned a 0.8 million tonnes per annum (MTPA) brownfield cement factory at Neem Ka Thana, Rajasthan.

UltraTech Cement and Coolbrook, a transformational technology and engineering company, will jointly develop a project to implement Coolbrook’s RotoDynamic Heater (RDH) technology in one of UltraTech’s cement manufacturing units.

UltraTech achieved the unique distinction of registering 100 million tonnes of production, dispatches, and sales in FY23. This was backed by an effective capacity utilization of 95% during Q4 and 84% capacity utilization for the year.

In January 2023, Sustain Labs Paris’ (SLP) in partnership with BW Businessworld has ranked UltraTech No.1 in Sustainability in the Infrastructure and Engineering sector and No. 15 out of the top 200 companies in India.

In December 2022, UltraTech Cement completed a greenfield grinding capacity at Dhule Grinding unit in Maharashtra with a capability of 1.8 million tonnes per annum (MTPA).

In December 2022, UltraTech Cement has commissioned a second grinding capacity with a brownfield clinker of 1.8 MPTA capacity at Dhar Cement Works in Madhya Pradesh.

In October 2022, UltraTech announced that it has been granted Environmental Product Declaration (EPD) certificates for four of its cement products, which are Ordinary Portland Cement (OPC), Portland Pozzolana Cement (PPC), Portland Slag Cement (PSC) and PCC (Portland Composite Cement).

In June 2022, UltraTech Cement Limited has announced signing of a Memorandum of Understanding (MoU) with Coolbrook, a transformational technology and engineering company, to explore possibilities on reduction of CO2 emissions from its cement manufacturing operations.

In June 2022, UltraTech Cement approved Rs. 12,886 crore (US$ 1.65 billion) capital expenditure to increase capacity by 22.6 million tonnes per annum (MTPA) through brownfield and greenfield projects.

In November 2021, UltraTech is the winner of the FICCI's Indian Circular Economy Award for 2021.

In November 2021, UltraTech commits to the GCCA's Net Zero Concrete Roadmap.

In September 2021, UltraTech Cement has joined RE100 and has committed to using 100% renewable energy by 2050.

In August 2021, UltraTech Cement announced plans to increase cement capacity by 19.8 MTPA between 2022 and 2023. Upon completion of the project, which is valued at Rs. 6,510 crore (US$ 875 million), the capacity would rise to 136.3 MTPA.

UltraTech Cement acquired 3B Binani Glassfibre Sarl Luxembourg, a subsidiary of Binani Industries.

UltraTech Cement has committed to the Global Cement and Concrete Association’s (GCCA) ‘2050 Climate Ambition’. The program aims at driving down the CO2 footprint of members’ operations and products, and their collective aspiration to deliver society with carbon neutral concrete by 2050.

UltraTech Cement to invest Rs. 5,477 crore (US$ 776.99 million) to raise the capacity by 12.8 mtpa.

UltraTech became the first cement company globally to have more than 100 MTPA capacity in a single country outside of China.

UltraTech Cement looked to exceed 25% green energy contribution to total energy consumption by 2020-21.

Became a member of EP100, a global leadership initiative.

UltraTech Cement acquisition of cement units of Jaiprakash Associates Limited.

Ultratech secures 4.09 LT of coal supply.

UltraTech Cement Ltd has acquired 100 per cent equity shares of Gotan Limestone Khanij Udyog Pvt Ltd (GKUPL), Rajasthan.

UltraTech to absorb Samruddhi to form India's biggest cement firm.

Completion of the implementation process to demerge the cement business of Larsen & Toubro Limited (L&T) and completion of open offer by Grasim, with the latter acquiring controlling stake in the newly formed company UltraTech.

Grasim acquires 10 per cent stake in Larsen & Toubro Limited (L&T). Subsequently increases stake to 15.3 per cent by October 2002 -Durgapur grinding unit.

Acquired Narmada Cement Company Limited.

Establishment of Grasim's first cement plant at Jawad in Madhya Pradesh.