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The India Cements Limited (INDIACEM.NS)

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258.85

-0.90

(-0.35%)

At close: February 21 at 3:29:58 PM GMT+5:30

Meet the CEO aiming to thrust Hockey India League alongside IPL riches

Sai Prakash Kommireddi is CEO of Hyderabad Toofans and India firm Resolute Sports, which aims to muscle in on franchises beyond cricket.

Yahoo Finance UK 21 days ago

IAMUY
UltraTech Cement Ltd (BOM:532538) Q3 2025 Earnings Call Highlights: Strong EBITDA Growth and ...

UltraTech Cement Ltd (BOM:532538) reports a significant EBITDA increase and strategic expansions, despite regional challenges and rising debt.

GuruFocus.com 29 days ago

ULTRACEMCO.NS

INDIACEM.NS
-0.35%
UltraTech unit India Cements posts wider Q3 loss on pricing, demand woes

The company, owned by UltraTech Cement, said its losses before exceptional items and taxes, for the quarter ended December, widened to 3.07 billion rupees ($35.5 million), from a loss of 502.4 million rupees a year ago. Cement prices, which had been falling for most of last year, were little changed through the quarter. During the reported quarter, India Cements incurred an exceptional cost worth nearly 2 billion rupees, consisting of impairment charges of certain assets and provisions for doubtful receivables from its units.

Reuters last month

INDIACEM.NS
-0.35%
India competition watchdog approves UltraTech Cement's acquisition of India Cements

India's antitrust watchdog on Friday approved UltraTech Cement's acquisition of India Cements. The country's cement sector has seen a host of deals recently as billionaire Gautam Adani's ports-to-power conglomerate aims to challenge UltraTech Cement's pole position in the segment. UltraTech Cement, part of the Aditya Birla group, signed a $472 million deal to gain control of India Cements, to bolster its position in the country's southern states and help it meet its production target of 183.5 million metric tons by fiscal year 2027.

Reuters 2 months ago

ULTRACEMCO.NS

INDIACEM.NS
-0.35%
Aditya Birla’s UltraTech to acquire 32.72% stake in India Cements

The deal's completion is subject to clearance from the Competition Commission of India.

World Construction Network 6 months ago

INDIACEM.NS
-0.35%
ULTRACEMCO.NS
UltraTech board approves deal to snare control of India Cement

NEW DELHI (Reuters) -UltraTech Cement, India's number one cement maker, said its board on Sunday approved a $472 million deal to gain control of India Cements, which will bolster its position in the country's southern states. The deal comes as the country's top cement makers vie to dominate a market that is expected to roughly double to $49 billion by 2029 from 2022 levels with an expected infrastructure spending boom under the government of Prime Minister Narendra Modi. UltraTech, part of India's Aditya Birla group, will buy a 32.72% stake in India Cements from its promoters and their associates, adding to the 23% stake it bought in June.

Reuters 6 months ago

INDIACEM.NS
-0.35%
Birla's UltraTech buys stake in rival to defend Indian cement lead against Adani

BENGALURU (Reuters) -UltraTech Cement said it is buying a stake worth up to $228 million in rival India Cements, intensifying a battle with the Adani group which is challenging its position as the South Asian nation's top cement maker. India's cement market, expected to roughly double to $49.24 billion by 2029 from 2022 levels, was long dominated by billionaire Kumar Mangalam Birla's company until Gautam Adani entered the sector in 2022 and quickly rose through the ranks to become the second biggest player. The deal for a 23% stake, which UltraTech said is a non-controlling financial investment, comes as cement makers stand to benefit from Narendra Modi's return to power and an expected infrastructure spending spurt in Asia's No. 3 economy.

Reuters 7 months ago

INDIACEM.NS
-0.35%
ULTRACEMCO.NS

Performance Overview

Return	INDIACEM.NS	S&P BSE SENSEX
YTD	-31.22%	-3.62%
1-Year	+6.63%	+3.70%
3-Year	+24.34%	+30.56%

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The India Cements Limited (INDIACEM.NS)

Meet the CEO aiming to thrust Hockey India League alongside IPL riches

UltraTech Cement Ltd (BOM:532538) Q3 2025 Earnings Call Highlights: Strong EBITDA Growth and ...

UltraTech unit India Cements posts wider Q3 loss on pricing, demand woes

India competition watchdog approves UltraTech Cement's acquisition of India Cements

Aditya Birla’s UltraTech to acquire 32.72% stake in India Cements

UltraTech board approves deal to snare control of India Cement

Birla's UltraTech buys stake in rival to defend Indian cement lead against Adani

Performance Overview