ULTRACEMCO

March 25 (Reuters) - UltraTech Cement Ltd ULTC.NS:

• GETS TAX DEMAND OF 289.7 MILLION RUPEES ALONG WITH INTEREST, PENALTY

Source text: ID:nBSE74GDq0

Further company coverage: ULTC.NS

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March 13 (Reuters) - UltraTech Cement Ltd ULTC.NS:

• GETS TAX ORDER FOR TAX DEMAND OF 10.9 MILLION RUPEES, INTEREST OF 11.7 MILLION RUPEES, PENALTY OF 10.9 MILLION RUPEES

Source text: ID:nBSE8NN5dn

Further company coverage: ULTC.NS

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March 6 (Reuters) - UltraTech Cement Ltd ULTC.NS:

• ULTRATECH CEMENT - APPOINTMENT OF MR. JAYANT DUA AS MANAGING DIRECTOR (DESIGNATE) OF COMPANY

• ULTRATECH CEMENT - APPOINTMENT OF JAYANT DUA AS MANAGING DIRECTOR (DESIGNATE)

• ULTRATECH CEMENT - K. C. JHANWAR'S TERM AS MANAGING DIRECTOR ENDS 31 DECEMBER 2026

Source text: ID:nBSEbf7NYq

Further company coverage: ULTC.NS

((reuters.briefs@thomsonreuters.com;))

** Shares of India's UltraTech Cement ULTC.NS in focus

** The cement maker posts a 27% y/y rise in third-quarter consol net profit; net sales up 23% lifted by 15% rise in consol sales volumes

** Stock gets at least 19 PT hikes, at least two rating upgrades since results were released - data compiled by LSEG

RESULTS PROVE AGAIN CO HAS "NO COMPARABLE PEER"

** PhillipCapital India Research ("buy", TP 15,300 rupees): Co "once again proves that there is no comparable peer" to itself "not just in terms of capacity but also in terms of an ability to deliver on strong operating performance despite a challenging business environment"

** Emkay Research ("buy", hikes TP 5% to 14,700 rupees): ULTC been our top pick, we "continue to repose faith on its ability to deliver cost savings and strengthen its pole market share position"

** Systematix Research ("buy", lifts TP 3.6% TO 15,000 rupees): We remain upbeat on stock's growth prospects such as its healthy volume performance, high-capacity utilizations, fortress balance sheet and a mammoth expansion plan that cements co's leadership position further

** Elara Securities ("accumulate", raises TP 3.3% to 14,553 rupees): Co "well-positioned" to outpace industry, supported by improving demand and ramp-up of recently added capacities across organic and inorganic routes

(Reporting by Hritam Mukherjee in Bengaluru)

((Hritam.Mukherjee@thomsonreuters.com;))

Jan 23 (Reuters) - Paradeep Parivahan Ltd PDEE.BO:

• PARADEEP PARIVAHAN LTD - SIGNS 8-YEAR AGREEMENT WITH ULTRATECH CEMENT

Source text: ID:nBSE8v51cQ

Further company coverage: PDEE.BO

((Reuters.Briefs@thomsonreuters.com;))

Jan 16 (Reuters) - UltraTech Cement Ltd ULTC.NS:

• ULTRATECH CEMENT - COMPANY ENTERS SHARE PURCHASE AGREEMENT WITH CELESTIAL ENERGY

Source text: ID:nBSE75SH8z

Further company coverage: ULTC.NS

((Reuters.Briefs@thomsonreuters.com;))

** UltraTech Cement ULTC.NS posts 75% jump in PAT Y/Y, announces nearly 103 billion rupees ($1.17 billion) capex towards increasing capacity

** Shares fall nearly 1% to 12,260 rupees as overhead costs rise 25% Q/Q, hurting margins

BROKERAGES CHEER CAPACITY EXPANSION PLANS

** Emkay ("buy", PT at 14,000 rupees) says profit missed estimates; positive on continued momentum towards growing capacity, turnaround in acquired entities, commitment to deliver operational cost realisations

** Centrum ("buy", PT at 13,678 rupees) says quarter's cost pressure is one-off, expects demand recovery in H2FY26

** Adds, robust capacity expansion pipeline should support

volume growth

** Jefferies ("buy", PT at 14,700 rupees) sees stable pricing, GST cuts to boost premium cement demand

** Systematix ("buy", PT at 14,481 rupees) upbeat on growth; notes healthy volumes, high capacity utilisation, expansion plan

($1 = 87.8625 Indian rupees)

(Reporting by Komal Salecha)

((Komal@thomsonreuters.com;))

** Shares of Ultratech Cement ULTC.NS close 1.42% lower at 12,398 rupees, biggest pct drop in a month

** Around 47,368 shares traded in multiple block deals at a discount of 0.7%-2% over previous session's close

** Stock up nearly 9% YTD

(Reporting by Urvi Dugar)

((UrviManoj.Dugar@thomsonreuters.com;))

** Shares of Texmaco Rail & Engineering TEXA.NS gain 2.9% to 151.79 rupees

** The engineering and infrastructure firm gets an order worth 868.5 million rupees ($9.85 million) from UltraTech Cement ULTC.NS

** Order for BCFC wagons along with brake van, to be delivered by March 2026

** TEXA stock down ~22%, YTD

($1 = 88.1950 Indian rupees)

(Reporting by Vijay Malkar)

((VijayDattaram.Malkar@thomsonreuters.com;))

Aug 28 (Reuters) - UltraTech Cement Ltd ULTC.NS:

• ULTRATECH CEMENT LTD - ORDER-IN-APPEAL SETS ASIDE TAX DEMAND FROM CO

• ULTRATECH CEMENT - NO MATERIAL FINANCIAL IMPACT ON CO

Source text: ID:nBSE3fDlLC

Further company coverage: ULTC.NS

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Aug 20 (Reuters) - UltraTech Cement ULTC.NS said on Wednesday that it will offload up to a 6.5% stake in its unit India Cements ICMN.NS via an open market offer for sale.

India's largest cement maker, which took control of India Cements in July last year, did not mention any deal value.

(Reporting by Hritam Mukherjee in Bengaluru; Editing by Sonia Cheema)

((Hritam.Mukherjee@thomsonreuters.com; X: @MukherjeeHritam;))

June 26 (Reuters) - UltraTech Cement Ltd ULTC.NS:

• ULTRATECH CEMENT LTD - COMMISSIONS SECOND GRINDING MILL WITH 1.8 MTPA CAPACITY

Source text: ID:nBSE5rjFKB

Further company coverage: ULTC.NS

((Reuters.Briefs@thomsonreuters.com;;))

** Shares of Ultratech Cement ULTC.NS rise 2.4% to 11,496 rupees

** Cement maker among top five pct gainers on benchmark Nifty 50 index .NSEI, which is up about 1%

** "Healthy price hikes in April and May, despite weaker than expected volumes, have driven higher profitability per tonne in cement industry," says Goldman Sachs

** Reiterates "buy" on ULTC, calls it the "top pick" in the sector; sets PT at 12,650 rupees

** Average rating of 38 analysts tracking ULTC is "buy"; median PT at 13,200 rupees - data compiled by LSEG

** YTD, ULTC down 1.8%, Nifty 50 4.5% rise

(Reporting by Bharath Rajeswaran in Bengaluru)

((bharath.rajeswaran@thomsonreuters.com; +91 9769003463;))

April 28 (Reuters) - UltraTech Cement ULTC.NS, India's biggest cement maker by capacity, reported fourth-quarter profit below market expectations on Monday, pressured by weak pricing and higher costs.

Consolidated net profit for the company came in at 24.82 billion rupees ($292 million) in the three months ended March 31, compared to analysts' average estimate of 26.31 billion rupees, per data compiled by LSEG.

($1 = 84.9870 Indian rupees)

(Reporting by Hritam Mukherjee in Bengaluru; Editing by Sherry Jacob-Phillips and Varun H K)

((Hritam.Mukherjee@thomsonreuters.com; X: @MukherjeeHritam;))

April 16 (Reuters) - UltraTech Cement Ltd ULTC.NS:

• TO ACQUIRE 26% EQUITY IN AMPIN C&I POWER EIGHT

Source text: ID:nBSE84jhmN

Further company coverage: ULTC.NS

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April 9 (Reuters) - UltraTech Cement Ltd ULTC.NS:

• ORDER DROPS TAX DEMAND, UPHOLDS TAX LIABILITY OF 9.2 MILLION RUPEES

Source text: ID:nBSE7d0hrN

Further company coverage: ULTC.NS

((Reuters.Briefs@thomsonreuters.com;;))

April 3 (Reuters) - UltraTech Cement Ltd ULTC.NS:

• ULTRATECH CEMENT LTD - TO ACQUIRE WONDER WALLCARE FOR 2.35 BILLION RUPEES

Source text: ID:nBSEbv1ptc

Further company coverage: ULTC.NS

((Reuters.Briefs@thomsonreuters.com;))

March 28 (Reuters) - India's Ambuja Cements ABUJ.NS has re-designated CEO Ajay Kapur as the managing director and named Vinod Bahety as its new chief, the Adani Group company said on Friday, effective April 1.

Kapur, who has spent three decades working in the cement, construction, power and heavy metals sectors, has been appointed for a two-year term while Bahety will serve as CEO for three years.

Bahety has been the finance chief for Ambuja and ACC ACC.NS, both subsidiaries of billionaire Gautam Adani's conglomerate, since September 2022.

The rejig comes as consolidation in India's cement sector intensifies, with Ambuja Cements charting an acquisition spree to rival the Aditya Birla Group-owned UltraTech Cement ULTC.NS. The two companies have jostled for market share amid expectations the government will continue to spend heavily on infrastructure.

(Reporting by Ashish Chandra in Bengaluru; Editing by Janane Venkatraman)

((ashish.chandra@thomsonreuters.com; +91 7982114624;))

March 27 (Reuters) - UltraTech Cement Ltd ULTC.NS:

• ULTRATECH CEMENT - COMMISSIONING A BROWNFIELD CLINKER CAPACITY OF 3.35 MTPA IN MAIHAR, MP

• ULTRATECH CEMENT- COMMISSIONING OF BROWNFIELD EXPANSION OF GRINDING UNIT AT DHULE, AT 1.2 MTPA

• ULTRATECH CEMENT - COMMISSIONING ONE OUT OF TWO CEMENT MILLS WITH A CAPACITY OF 2.7 MTPA IN MAIHAR, MP

• ULTRATECH CEMENT- TOTAL DOMESTIC GREY CEMENT MANUFACTURING CAPACITY STANDS AT 183.36 MTPA

Source text: [ID:]

Further company coverage: ULTC.NS

((Reuters.Briefs@thomsonreuters.com;;))

** The rough patch for India's cement sector due to demand slowdown in fiscal year 2025 and rising competition after Adani's entry is coming to an end, says UBS

** Upgrades UltraTech Cement ULTC.NS to "buy" from "neutral" and hikes price target to 13,000 rupees from 9,000 rupees

** UBS also upgrades Ambuja Cements ABUJ.NS and Dalmia Bharat DALB.NS to "buy" from "sell", while reiterating "buy" on ACC ACC.NS

** Forecasts demand to bounce back in fiscal year 2026 due to pick-up in government capex after an election-led slowdown in FY2025, housing upcycle, improving rural outlook and policy support

** Estimates core profit CAGR of 18%-43% over FY2025-27 for the four cement companies

** Expects market leaders ULTC and Adani group-owned ACC and ABUJ to have an upper hand as sectoral consolidation continues

** ULTC, ACC, Ambuja Cements shares are down 3.28%, 5.8% and 3.1%, respectively in 2025 so far; benchmark Nifty 50 .NSEI is little changed over the same period

(Reporting by Bharath Rajeswaran in Bengaluru)

((bharath.rajeswaran@thomsonreuters.com; +91 9769003463;))

March 19 (Reuters) - UltraTech Cement Ltd ULTC.NS:

• ULTRATECH CEMENT LTD - IDENTIFIES OPPORTUNITIES FOR DEBOTTLENECKING AND EFFICIENCY ENHANCEMENT

• ULTRATECH CEMENT LTD - COMPLETES INITIATIVES INCREASING PRODUCTION CAPACITY BY 1.2 MTPA

• ULTRATECH CEMENT LTD - GLOBAL CEMENT CAPACITY NOW 184.26 MTPA

• ULTRATECH CEMENT LTD - DOMESTIC GREY CEMENT CAPACITY NOW 178.86 MTPA

Source text: ID:nBSEd5QlG

Further company coverage: ULTC.NS

((Reuters.Briefs@thomsonreuters.com;))

In March 4 story, corrects paragraph 1 to clarify Ambuja Cements is buying Orient Cement, not India Cements

March 4 (Reuters) - India's antitrust watchdog, approved Ambuja Cements' ABUJ.NS acquisition of Orient Cement ORCE.NS on Tuesday, months after the Adani Group company first announced the deal.

Ambuja Cements, India's second-largest cement maker, in October revealed plans to buy stake worth $451 million in Orient Cement, intensifying competition with industry leader UltraTech Cement ULTC.NS.

Competition in the Indian cement sector has heated up recently, with UltraTech and the Adani Group companies striking a slew of deals to acquire smaller firms and expand their market share.

Analysts had doubted Ambuja's deal would win regulatory approval, considering recent acquisitions that have led to industry oversupply. Ambuja's shares fell 2.3% on October 22 when the deal was first announced.

Since October 22, Ambuja Cements' shares have dropped about 15%, while Orient Cements' shares have fallen nearly 5%.

In recent years, Ambuja has acquired smaller rivals Sanghi Industries SNGI.NS and Penna Cement PENC.NS.

(Reporting by Manvi Pant in Bengaluru; Editing by Tasim Zahid)

((Manvi.Pant@thomsonreuters.com; +918447554364;))

MUMBAI, March 4 (Reuters) - India's UltraTech Cement ULTC.NS has accepted bids worth 20 billion rupees ($229 million) for bonds maturing in three years as well as five years, two merchant bankers said on Tuesday.

UltraTech Cement will pay an annual coupon of 7.34% on each option and has accepted bids worth 10 billion rupees each, they said.

The company had invited bids from bankers and investors for the issues earlier in the day.

The company did not reply to a Reuters email seeking comment.

Here is the list of deals reported so far on March 4:

*Size includes base plus greenshoe for some issues

($1 = 87.3340 Indian rupees)

(Reporting by Dharamraj Dhutia; Editing by Sumana Nandy)

((Dharamraj.dhutia@tr.com))

MUMBAI, March 3 (Reuters) - India's UltraTech Cement ULTC.NS plans to raise 20 billion rupees ($229 million) through a sale of bonds maturing in three years as well as five years, two merchant bankers said on Monday.

UltraTech Cement will raise 10 billion rupees from each option and has invited bids from bankers and investors for the issues on Tuesday, they said.

The company did not immediately reply to a Reuters email seeking comment.

Here is the list of deals reported so far on March 3:

*Size includes base plus greenshoe for some issues

($1 = 87.3690 Indian rupees)

(Reporting by Dharamraj Dhutia; Editing by Varun H K)

((Dharamraj.dhutia@tr.com))

Feb 27 (Reuters) - Shares of India's UltraTech Cement ULTC.NS fell 5% to hit their lowest level in eight months on Thursday as analysts raised concerns over the top cement maker's plan to foray into the cables and wires business.

Shares of the cement maker were last trading 5.05% lower at 10,410.1 rupees and were the top percentage losers on the benchmark Nifty 50 .NSEI, which was little changed on the day.

($1 = 87.3830 Indian rupees)

(Reporting by Manvi Pant and Bharath Rajeswaran in Bengaluru; Editing by Mrigank Dhaniwala)

((Manvi.Pant@thomsonreuters.com; +918447554364;))

Feb 25 (Reuters) - UltraTech Cement Ltd ULTC.NS:

• ULTRATECH CEMENT LTD - TO ENTER WIRES AND CABLES SEGMENT WITH 18 BILLION RUPEES CAPEX

• ULTRATECH CEMENT LTD - WIRES AND CABLES PLANT TO BE SET UP IN GUJARAT BY DEC 2026

Source text: ID:nBSE9QWRzg

Further company coverage: ULTC.NS

((Reuters.Briefs@thomsonreuters.com;;))

Feb 20 (Reuters) - UltraTech Cement Ltd ULTC.NS:

• ULTRATECH CEMENT - GOT ORDER CONFIRMING TAX DEMAND OF 6.5 MILLION RUPEES

• ULTRATECH CEMENT - GOT ORDER DROPPING TAX OF 25.7 MILLION RUPEES

Source text: ID:nBSE4Frx1v

Further company coverage: ULTC.NS

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