Ultratech Cement Ltd.

UltraTech Cement’s wholly-owned subsidiary -- UltraTech Cement Middle East Investments (UCMEIL) has invested $101.10 million (around Rs 839.52 crore) for a 29.39 per cent equity stake in the UAE-based RAK Cement Co for White Cement and Construction Materials PSC (RAKWCT). This is a ‘strategic investment’ for the company. This together with the existing shareholding, will result in UCMEIL holding 29.79 per cent of RAKWCT’s equity share capital.

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