Company Background
UltraTech Cement Ltd is an India-based company engaged in the production of cement. The company provides a range of products that are used in the construction business ranging from laying of the foundation to delivering the final touches. The range includes Ordinary Portland Cement, Portland Blast Furnace Slag Cement, Portland Pozzalana Cement, White Cement, Ready Mix Concrete, building products and a host of other building solutions.
UltraTech Cement is part of the US $40 billion Aditya Birla Group, a fortune 500 company. The company has eleven integrated plants, one white cement plant and one clinker plant, which is based in the UAE. Furthermore, UltraTech has 15 grinding units across the world - 11 in India, 2 in UAE and 1 each in Bahrain and Bangladesh. It also has 2 rail bulk terminals in India, 3 coastal terminals, out of which 2 are located in India and one in Sri Lanka. UltraTech has 101 concrete plants across 35 locations in India.
The company is the subsidiary of Grasim Industries Ltd and was founded in 1983 with the establishment of Grasim’s first cement plant in Madhya Pradesh. In 2001, Grasim acquired a stake in L&T Cement Ltd. Thereby giving Grasim a pan-India presence. In 2004, with the demerger of L&T’s cement business, Grasim acquired a controlling stake in L&T Cement Ltd and the name was subsequently changed to UltraTech cement. The cement business of Grasim was demerged and vested in Samruddhi Cement Limited in May 2010, with Samruddhi Cement Limited consequently being amalgamated with UltraTech Cement Limited in July 2010. In September 2010, UltraTech Cement Middle East Investments Limited, a wholly owned subsidiary of UltraTech Cement acquired management control of ETA Star Cement Company, along with its operations in the UAE, Bahrain and Bangladesh, thereby putting UltraTech on the global map.
Other key highlights of UltraTech Cement:
Tenth largest