ULTRATECH

  • GMR sells $35 million highway stake to slash debt September 17, 2013

    GMR Infrastructure has sold its majority stake in a highway project for about $35 million, as debt-laden companies step up sales of some assets to boost earnings in a sector struggling with a weak economy. GMR, one of the country's best known infrastructure groups, whose interests span airports to power plants, said...
  • Aditya Birla Group to acquire Gujarat cement for Rs 3,800 cr September 11, 2013

    Aditya Birla Group firm UltraTech Cement Ltd on Wednesday said it will acquire Gujarat Cement unit of Jaypee Cement Corp Ltd for Rs 3,800 crore. UltraTech Cement will acquire the Gujarat Cement Unit of Jaypee Cement Corp Ltd. Gujarat Cement Unit comprises of an integrated cement unit at Sewagram and grinding...
  • Tech glitch at NSE, Bank of India shares tumble February 5, 2013

    Mumbai: Shares in Bank of India make a sharp fall before quickly recovering in what some traders describe as a "freak" trade. Trading at Rs 336.65, down 1.2 per cent, Bank of India shares suddenly fell to Rs 314, down 7.8 per cent on the day, at around 12:20 pm...
  • IMG recommends deallocation of 2 more coal blocks September 20, 2012

    New Delhi: The axe continues to fall on companies who have been allotted coal blocks, but have till now failed to operationalise them. The InterMinisterial Group (IMG) in its meeting on Thursday recommended deallocation of two coal blocks Dahegaon Makardhokra and Bhaskarpara. While Dhaegaon Makardhokra block has been allotted to...
  • Cement stocks slide on CCI penalty June 22, 2012

    Mumbai: Cement stocks, including those of ACC and Ambuja today lost ground, falling up to 6.3 per cent after competition watchdog CCI slapped a hefty Rs 6,307 crore penalty on 11 companies for price cartelisation. Shares of ACC tanked 5.17 per cent to Rs 1,191, while Ambuja Cements lost 5.18 per...
  • CCI fines 11 cement firms over Rs 6,000 crore June 21, 2012

    Mumbai: The Competition Commission of India (CCI) imposed a $1.1 billion fine on Thursday against 11 cement companies for pricefixing, in the largestever penalty ordered by the increasingly assertive regulator. The CCI said the companies colluded to push prices higher by underutilising their plants and creating an artificial shortage of cement,...
  • Ultratech Cement new team sponsor of Royals March 5, 2012

    Mumbai: Rajasthan Royals on Monday unveiled their team jersey for IPL5, with main sponsor Ultratech Cement's logo on the shirt front, worn by this season's captain Rahul Dravid and teammates S Sreesanth and Shaun Tait at a function here. Bollywood star Shilpa ShettyKundra said she and other coowners of Jaipur Indian...