BSE:532538 | NSE:ULTRACEMCOEQ | 58888:utcl | IND:Cement - Pan India | ISIN code:INE481G01011 | SECT:Cement
The Company History page lists out the major events in chronological order for UltraTech Cement Ltd.
|Company History - UltraTech Cement Ltd.|
-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.
-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
- Ultratech Cement Ltd has appointed Mr. O P Puranmalka as Additional Director with immediate effect.
-UltraTech Cement Ltd has recommended a final dividend of Rs. 6/-
-UltraTech Cement Ltd has acquired 100 per cent equity shares of Gotan Limestone Khanij Udyog Pvt Ltd (GKUPL), Rajasthan.
2013 -Birla White Yuvaratna Awards for Architects and Engineers -UltraTech Cement Limited to acquire the Gujarat Cement Unit of 4.8mtpa of Jaypee Cement Corporation Limited in Gujarat -UltraTech annouces the winners of 'Mera Gaon Mera Base' -UltraTech launches new specialty concrete products
2014 -UltraTech Cement Welcomes New Network of Gujarat Cement Dealers -UltraTech Cement Limited acquisition of Cement Units of Jaiprakash Associates Limited
2015 -UltraTech Cement commissions clinkerisation plant at Rajasthan
2016 -UltraTech Cement Acquisition of Cement Units of Jaiprakash Associates Limited -Ultratech secures 4.09 LT of coal supply -UltraTech Cement hits record high on fund raising plans
2017 - UltraTech Cement commissions slag cement capacity in Bihar - UltraTech Cement recommended a dividend of Rs. 10/- per equity share of Rs. 10/- each
Date Sources:Live BSE and NSE Quotes Service: TickerPlant | Corporate Data, F&O Data & Historical price volume data: Dion Global Solutions Ltd.
BSE Quotes and Sensex are real-time and licensed from the Bombay Stock Exchange. NSE Quotes and Nifty are also real time and licenced from National Stock Exchange. All times stamps are reflecting IST (Indian Standard Time).
Copyright © 2019 Bennett, Coleman & Co. Ltd. All rights reserved. For reprint rights: Times Syndication Service