UltraTech Cement
BSE: 532538|NSE: ULTRACEMCO|ISIN: INE481G01011|SECTOR: Cement - Major
1378.75
-18.8 (-1.35%)
VOLUME 7,821
1382.85
-17.8 (-1.27%)
VOLUME 179,067
| Company History - UltraTech Cement |
Milestones
1983
-Awarpur Cement Works Plant I
1987
Awarpur Cement Works Plant II
1993
-Jharsuguda grinding unit
1994
-Hirmi Cement Works
1996
-Gujarat Cement Works Plant I
1998
-Andhra Pradesh Cement Works
-Gujarat Cement Works Plant II
1999
-Narmada Cement Company Limited acquired
-Ratnagiri Cement Works
2000
Bulk cement terminals at Mangalore, Navi Mumbai and Colombo
2001
-Grasim acquires 10 per cent stake in L&T. Subsequently increases
stake to 15.3 per cent by October 2002
-Durgapur grinding unit
2002
-Grasim increases its stake in L&T to 14.15 per cent
-Arakkonam grinding unit
-The Grasim Board approves an open offer for purchase of up to 20 per
cent of the equity shares of Larsen & Toubro Ltd (L&T), in accordance
with the provisions and guidelines issued by the Securities &
Exchange Board of India (SEBI) Regulations, 1997.
2003
The board of Larsen & Toubro Ltd (L&T) decides to demerge its cement
business into a separate cement company (CemCo). Grasim decides to
acquire an 8.5 per cent equity stake from L&T and then make an open
offer for 30 per cent of the equity of CemCo, to acquire management
control of the company
2004
Completion of the implementation process to demerge the cement
business of L&T and completion of open offer by Grasim, with the
latter acquiring controlling stake in the newly formed company
UltraTech
2006
-Narmada Cement Company Limited amalgamated with UltraTech pursuant
to a Scheme of Amalgamation being approved by the Board for
Industrial & Financial Reconstruction (BIFR) in terms of the
provision of Sick Industrial Companies Act (Special Provisions)
- Formerly known as Ultratech Cemco Limited. The Group's principal
activities are to manufacture and market clinker and cement in India
- Ultratech Cement Ltd has inducted Mr. Saurabh Misra into the Board
as an Additional Director and appointed Managing Director of the
Company.
- Ultratech Cement receives order from BIFR.
- Ultratech Cement Ltd has appointed Mr Girish M Dave as a Director
on the Board of the Company.
2009
-UltraTech to absorb Samruddhi to form India's biggest cement firm
-Ultratech to be the lead sponsors of Rajasthan Royals
-UltraTech to consider Grasim merger proposal
2010
- Ultratech Cement Ltd has appointed Mr. 0 P Puranmalka as Additional
Director with immediate effect.
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| Source : Dion Global Solutions Limited |
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