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

UltraTech Cement to acquire Adhunik MSP Cement’s Meghalaya plant: Report

22 Mar 2012

UltraTech Cement is reportedly in talks to buy north-eastern cement maker Adhunik MSP Cement’s Meghalaya plant for over Rs 700 crore. The company wants to buy the 1.5-million-tonne unit and bolster its presence in the fast-growing but largely untapped market in the North-East.

Adhunik Cement sells portland cement, which is one of the major products of UltraTech. Cement companies are rushing to build up capacities in the north-eastern region to cash in on the anticipated surge in demand triggered by the rising number of hydroelectric projects and road constructions. The government has firmed up an investment of over Rs 84,000 crore for setting up hydel projects in the North-East by 2020, which will produce 14,000 mw of electricity.

UltraTech Cement’s production for the month of February 2011 has surged 4.96% at 34.68 lakh million tonnes and dispatches soared 5.67% at 35.17 lakh million tonnes over February 2010.

The company manufactures and markets Ordinary Portland Cement, Portland Blast Furnace Slag Cement and Portland Pozzalana Cement. The company has 11 integrated plants, one white cement plant, one clinkerisation plant in UAE, 15 grinding units - 11 in India, 2 in UAE, one in Bahrain and Bangladesh each and five terminals, four in India and one in Sri Lanka.

Related Ultratech Cement Ltd. Links:

Ultratech Cement Share Price

6693.75 -14.40 (-0.21%) Jun 18, 18:03
1 Year Price Chart
Peers
Company Name CMP
Ultratech Cement 6693.75
ACC 2029.30
Shree Cement 28032.30
Ambuja Cement 341.20
Dalmia Bharat 1784.45
View more..
Sensex vs Ultratech Cement
Puchho Befikar
SEBI Registered: Investment Adviser - INA000013323

Callback