Live Webinar on "How to Invest successfully to reach goals without losing sleep" Sign up for Live Webinar

UltraTech Cement soars on plan to acquire JP Associates’ plants for Rs 16,500 crore

29 Feb 2016

Ultratech Cement is currently trading at Rs. 2833.65, up by 58.20 points or 2.10% from its previous closing of Rs. 2775.45 on the BSE.

The scrip opened at Rs. 2806.00 and has touched a high and low of Rs. 2840.95 and Rs. 2796.25 respectively. So far 4292 shares were traded on the counter.

The BSE group 'A' stock of face value Rs. 10 has touched a 52 week high of Rs. 3399.00 on 04-Mar-2015 and a 52 week low of Rs. 2530.80 on 07-May-2015.

Last one week high and low of the scrip stood at Rs. 2941.15 and Rs. 2754.00 respectively. The current market cap of the company is Rs. 76165.82 crore.

The promoters holding in the company stood at 62.67% while Institutions and Non-Institutions held 25.60% and 11.73% respectively.

UltraTech Cement is all set to acquire 18.40 million tonne per annum (mtpa) of cement capacity from Jaiprakash Associates (JP Associates) for an enterprise value of Rs 16,500 crore. UltratTech will invest an additional Rs 470 crore to complete an ongoing project to set up 4 mtpa of grinding units. The deal will catapult UltraTech’s capacity to 90.7 mtpa from the current 68.3 mtpa, making it one of the top cement producers in the world.

Kumar Mangalam Birla-owned company will acquire the cement plants with a total capacity of 22.4 mtpa in Madhya Pradesh, Uttar Pradesh, Himachal Pradesh, Uttarakhand, Andhra Pradesh and Karnataka.

UltraTech manufactures and markets Ordinary Portland Cement, Portland Blast Furnace Slag Cement and Portland Pozzalana Cement.

 

Related Ultratech Cement Ltd. Links:

Ultratech Cement Share Price

6666.05 -12.35 (-0.18%) Jun 15, 18:01
1 Year Price Chart
Peers
Company Name CMP
Ultratech Cement 6666.05
ACC 2043.60
Shree Cement 28500.25
Ambuja Cement 341.50
Dalmia Bharat 1859.00
View more..
Sensex vs Ultratech Cement
Puchho Befikar
SEBI Registered: Investment Adviser - INA000013323

Callback