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The move, involving an investment of up to Rs 25.50 crore, is part of UltraTech’s strategy to meet its green energy requirements, the company added.
The firm stated that it has entered into an energy supply agreement, share subscription, and shareholder agreements to facilitate the acquisition. This initiative is also expected to help UltraTech optimize energy costs and meet regulatory norms related to captive power consumption under electricity laws.
AMPIN C&I Power Eight, incorporated on 29 January 2025, is a special-purpose vehicle created for developing a 75 MWp DC/50 MW AC solar power project in Sindhari village, Balotara district, Rajasthan.
UltraTech, valued at $8.4 billion, is the world’s third-largest cement producer outside of China, with a total consolidated grey cement capacity of 183.06 MTPA.
UltraTech, an Aditya Birla group entity, is the market leader in Indian cement industry with 177.7 MPTA grey cement capacity as on 1 March 2025 with pan-India presence.
On a consolidated basis, net profit of UltraTech Cement declined 17.30% to Rs 1469.51 crore while net sales rose 2.71% to Rs 17193.33 crore in Q3 December 2024 over Q3 December 2023.
Shares of UltraTech Cement fell 0.53% to Rs 11,665 on the BSE.
On allotment, the equity share capital of the Company stands increased to 29,46,79,171 equity shares of Rs. 10/- each aggregating to Rs. 2,94,67,91,710/-.
HDFC Bank’s average deposits jumped 15.8% YoY to Rs 25,27,900 crore as of 31st March 2025. Average advances under management increased 7.3% YoY to Rs 2,95,500 crore as of 31st March 2025.
Bajaj Finance’s deposits book stood at approximately Rs 71,400 crore as of 31 March 2025 as compared to Rs 60,151 crore as of 31 March 2024, registering a growth of 19%. Asser under management (AUM) jumped 26% to approximately Rs 4,16,750 crore as of 31st March 2025. In Q4 FY25, AUM grew by approximately Rs 18,700 crore.
RBL Bank’s total deposits increased 7% to Rs 1,10,942 crore of 31st March 2025 as compared with Rs 106,494 crore as of 31st March 2024. Gross advances increased 11% YoY to Rs 94,973 crore as of 31st March 2025.
Alivus Life Sciences said the US Food and Drug Administration (US FDA) conducted an inspection at the company's API manufacturing facility in Ankleshwar, Gujarat, during January 27-31, 2025. Post-inspection, the USFDA issued an Establishment Inspection Report with a Voluntary Action Indicated status for the said manufacturing facility.
Ultratech Cement’s board approved the acquisition of 6.42 crore equity shares of Wonder WallCare, for an enterprise value of up to Rs 235 crore. The company has executed a share purchase agreement with Wonder Cement and Kushal Sogani for acquiring a stake in Wonder WallCare. After the acquisition, Wonder WallCare will become a wholly-owned subsidiary of the company.
Paras Defence and Technologies has signed a strategic Memorandum of Understanding (MoU) with Israel-based MicroCon Vision (part of Controp and the Rafael Group). This collaboration will position Paras Defence as the exclusive supplier of advanced drone camera technology in India, at a much lower cost.
Nestle India laid the foundation stones for its upcoming factory in Khordha, Odisha, which is slated to be its tenth factory in India. The factory will be set up with an initial investment of Rs 900 crore in its first phase.
The company has executed a share purchase agreement with the existing shareholders of Wonder WallCare.
The deal is expected to close in the next 90 days, subject to applicable regulatory approvals and compliances.
Wonder WallCare is engaged in the manufacturing of wall putty and related products. It had recorded a turnover of Rs 78.61 crore in FY24.
This acquisition gives UltraTech, access to a new 6 lac MT per annum manufacturing plant for wall putty and related products at Rajsamand - Nathdwara, Rajasthan. The plant is situated at the pithead of large high quality raw material reserves, and in close proximity to the company’s existing putty manufacturing facilities in Rajasthan.
Constructed in 2022-23, this plant is one of the largest single location putty manufacturing sites in India, with a capability to ramp up its capacities in future.
'This acquisition will help the company expand its putty and value-added products’ production capacity, in the highly competitive and fragmented putty manufacturing market in India,' UltraTech Cement said in a statement.
The scrip shed 0.52% to currently trade at Rs 11547.50 on the BSE.
The Board of UltraTech Cement at its meeting held on 03 April 2025 has approved the purchase of 100% equity of Wonder WallCare at an Enterprise Value not exceeding Rs. 235 crore. The Company has executed a Share Purchase Agreement with the existing shareholders of Wonder WallCare. The deal is expected to close in the next 90 days, subject to applicable regulatory approvals and compliances.
This acquisition gives UltraTech, access to a new state-of-the-art 6 lac MT per annum manufacturing plant for wall putty and related products at Rajsamand - Nathdwara, Rajasthan. The plant is situated at the pithead of large high quality raw material reserves, and in close proximity to the Company's existing putty manufacturing facilities in Rajasthan. Constructed in 2022-23, this plant is one of the largest single location putty manufacturing sites in India, with a capability to ramp up its capacities in future. This acquisition will help the Company expand its putty and Value-Added Products' production capacity, in the highly competitive and fragmented putty manufacturing market in India.