- Published: October 31, 2021
- Updated: October 31, 2021
- University / College: University of Houston
- Language: English
- Downloads: 12
Ultratech Cement was incorporated in 2000 as Larsen & Toubro. Later it was demerged and acquired by Grasim and was renamed as Ultra Tech Cement in 2004. Today Ultatech cement a part of Aditya Birla group,is the country’s largest exporter of cement clinker.
It manufactures and markets Ordinary Portland Cement, Portland Blast Furnace Slag Cement and Portland Pozzolana Cement and has annual capacity of 18. 2 million tonnes. All the plants have received ISO 9001 certification. It has subsidiaries namely Dakshin Cements and UltraTech Ceylinco. ProductsIt manufactures ordinary portland cement commonly used in dry-lean mixes, general-purpose ready-mixes, and even high strength pre-cast and pre-stressed concrete. It produces Portland blast furnace that has features like lighter colour, better concrete workability, easier finishability, higher compressive and flexural strength, improved resistance to aggressive chemicals and more consistent plastic and hardened consistency.
It also manufactures portland pozzolana cement. Ultratech cement exports over 2. 5 million tonnes per annum which accounts for 30% of country’s total exports.It exports to countries like Africa, Europe and the Middle East. Milestone Ultratech Cement received Greentech Environment Excellence Award by the Greentech Foundation, New Delhi in the year 2000-2001 The Aditya Birla Group is the 11th largest cement producer in the world and the seventh largest in Asia. In 2004-05 it received State and Zonal level I prize for overall performance in Mines safety. Outlook With demand for Ready Mix Concrete of Ultratech cement is increasing, in coming years it is commencing to set up a ready mix concrete plants at various places in the country.
Company Profile | UltraTech Cement Ltd is an India-based company engaged in the production of cement. The company manufactures and markets Ordinary Portland Cement, Portland Blast Furnace Slag Cement and Portland Pozzalana Cement. They also manufacture ready mix concrete. They are having 11 integrated plants, one white cement plant, 12 grinding units and five terminals – four in India and one in Sri Lanka.
The company is the subsidiary of Grasim Industries Ltd The company is the country’s largest exporter of cement clinker.The export markets span countries around the Indian Ocean, Africa, Europe and the Middle East. The export market comprises of countries around the Indian Ocean, Africa, Europe and the Middle East.
The company’s subsidiaries are Dakshin Cements Ltd, UltraTech Cement Lanka Pvt Ltd and UltraTech Cement Middle East Investments Ltd. UltraTech Cement Ltd was incorporated on August 24, 2000 as a public limited company with the name L&T Cement Ltd as a 100% subsidiary of Larsen & Toubro Ltd. In November 2003, the name of the company was changed from L&T Cement Ltd to UltraTech ChemCo Ltd.In the year 2004, pursuant to the scheme of arrangement, the cement business of Larsen & Toubro Ltd was de-merged and got transferred to the company with effect from April 1, 2003. In May 14, 2004, the company acquired four crore equity shares of Larsen & Toubro Ceylino (Pvt) Ltd from Larsen & Toubro Ltd at an aggregate consideration of Rs. 23. 03 crore.
In July 2004, Grasim Industries Ltd acquired management control of the company and in October 14, 2004, the name of the company was changed from UltraTech ChemCo Ltd to UltraTech Cement Ltd.Also, Narmada Cement Company Ltd became a subsidiary of the company by virtue of the scheme of arrangement for de-merger of cement business of Larsen & Toubro Ltd. During the year 2005-06, the company increased the production capacity of Cement from 155 lakh tonnes to 170 lakh tonnes. As per the scheme of amalgamation, Narmada Cement Company Ltd was amalgamated with the company. Thus, the entire undertaking of Narmada Cement Company Ltd was transferred to the company with effect from October 1, 2005. During the year 2007-08, the company increased the production capacity of Cement from 170 lakh tonnes to 182 lakh tonnes.They set up 15 Ready Mix Concrete plants across the country. In March 2008, the Clinkerisation (pyrosection) unit at Andhra Pradesh Cement Works (APCW) was commissioned.
During the year 2008-09, the company increased the production capacity of Cement from 182 lakh tonnes to 219 lakh tonnes as a result of expansion of capacity at the company’s unit at Andhra Pradesh Cement Works (APCW) together with a new split grinding unit at Ginigera, Karnataka. They commenced commercial production of cement from their unit in APCW and grinding unit at Ginigera.During the year, the company commissioned 192 MW captive TPPs at their units at APCW, Hirmi Cement Works (HCW) in Chhattisgarh and Gujarat Cement Works (GCW) in Gujarat in a phased manner. Also, they set up new Ready Mix Concrete (RMC) plants and thus increased the RMC capacity to 4.
76 million cubic metres per annum. During the year 2009-10, the company increased the production capacity from 219 lakh tonnes to 231 lakh tonnes. They incorporated a wholly-owned subsidiary company in UAE in the name of ‘UltraTech Cement Middle East Investments Ltd’.In May 2010, the cement business of Grasim Industries Ltd was de-merged and vested in Samruddhi Cement Ltd. In July 2010, Samruddhi Cement Ltd was amalgamated with the company. The company has approved acquisition of management control of ETA Star Cement Company LLC, Dubai together with their operations in United Arab Emirates (UAE), Bahrain and Bangladesh.
With this acquisition, the company will gain direct access to the markets in the Middle-East and adjoining regions. The acquisition is likely to be completed by the end of financial year 2010-11. The company plans to add 25 million tonnes of capacity by 2015 at a capex of USD 3 billion.