UltraTech Cement has signed an agreement with the shareholders of Gotan Lime Stone Khanij Udyog (GKUPL), Rajasthan to acquire 100% equity shares of GKUPL. With this acquisition, GKUPL has become a wholly owned subsidiary of the company.
UltraTech 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.
On the standalone basis, the company has posted a rise of 13.95% in its net profit at Rs 778.39 crore for the quarter ended June 30, 2012 as compared to Rs 683.11 crore for the same quarter in the previous year. Total income has increased by 16.44% at Rs 5090.86 crore for quarter under review as compared to Rs 4372.03 crore for the quarter ended June 30, 2011.