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UltraTech Cement’s arm enters into agreement with Seven Seas Company LLC, Oman

30 Jan 2023 Evaluate

UltraTech Cement’s wholly owned subsidiary -- UltraTech Cement Middle East Investments (UCMEIL) has entered into a Share Sale and Purchase Agreement with Seven Seas Company LLC, Oman for acquisition of 70% equity shares in Duqm Cement Project International, LLC, Oman. Cost of acquisition is $2.25 million.

UltraTech Cement is the largest manufacturer of grey cement, Ready Mix Concrete (RMC) and white cement in India.

Peers
Company Name CMP
Ultratech Cement 10746.45
Ambuja Cements 349.00
ACC 1136.00
Shree Cement 22215.25
Dalmia Bharat 1619.75
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