Earnings of cement cos to remain under pressure Dec 26, 2008
"Our analysis of implied price decline in cement prices in FY2010E as suggested by current market price gave us a mixed bag of resultsa price decline of Rs3-8/bag for ACC and Ambuja, whereas in the case of Shree Cements, India Cements and UltraTech the implied price decline is Rs12-20/bag," Kotak Securities' institutional arm, said in a recent report ... At 2:45 PM, shares of cement majors including Grasim, Ambuja and Ultratech were marginally higher, while ACC was down roughly 1. (India Times)
Airlines should cut fares: Patel Dec 16, 2008
Ultratech advance tax at Rs. 65cr vs Rs. (NDTV.com)
Running in winter poses challenge to keep hands warm Nov 24, 2008
4) Adidas UltraTech Running Glove: The thin UltraTech is good for chilly mornings. It has a soft material over the thumb (perfect for the occasional nose wipe) and three reflective strips to keep you visible. (Anchorage Daily News)
Cement cos' Q2 profits drag 24% Nov 15, 2008
Ultratech Cement, the second largest player, managed a marginal increase in sales growth from 17. 3% during Q2 of 2007-08 to 20. (India Times)
Will retiring Birla biggies get extension? Oct 23, 2008
These directors are, Bharat Singh (62), managing director, Aditya Birla Nuvo, DD Rathi (who turns 62 in January 2009), CFO and whole-time director, Grasim Industries, Saurabh Misra (61), CEO, UltraTech Cement and Debu Bhattacharya (who turns 60 soon), managing director, Hindalco Industries. Three among these directors - Singh, Misra and Bhattacharya - are members of the Aditya Birla Management Corporation (ABMC), the group's apex body which provides strategic direction for the group. (India Times, India -- Intl Business)
StanChart maintains 'performer' rating on Ultratech Cement Oct 21, 2008
MUMBAI: Standard Chartered has maintained 'performer' rating on the stock of Ultratech Cement, as the brokerage is positive on the long-term prospect of the company considering the cost reduction due to commissioning of captive power plants and fresh capacities ... Ultratech Cement has been trading at a P/E of 5 ... However, on an EV/Tonne basis Ultratech Cement has been trading at an EV/Tonne of $68. (India Times)
6 fab technologies on the bubble Oct 14, 2008
DNS, Mattson and others are pursuing the flash-lamp market; Ultratech is developing laser tools. But there have been delays and setbacks, especially at Ultratech, and chip makers are taking longer than expected to insert the technology. (EETimes)
Cement cos shares gain on price hike Sep 23, 2008
UltraTech and JKLakshmi Cement have also upped prices in Maharashtra ... UltraTech Cement touched a high of 569. (India Times)
Most new kids on F&O block arent liquid Aug 15, 2008
Stocks like S 00004000 hree Cements, Info Edge, Redington, Pfizer, CMC, HTMT Global, Strides Arcolab, Cadila Healthcare, AIA Engineering, Hinduja TMT and Ultratech have volumes of less than 10,000 shares on both the exchanges on a normal day. All these stocks are part of the existing Fent on NSE.. (India Times)
India Globalization Capital subsidiary wins $16.5M limestone contract Aug 8, 2008
Under the new contract, asked Sricon to extract, transport and deliver limestone to Ultratech s cement works plant in Gujarat, India. The deal starts early next year and run three years, increasing the company s backlog from $366 million to $382 million. (Washington Business Journal, DC)
Bull's Eye: BHEL, L&T, Sasken tech Jul 28, 2008
Credit rating on BHEL, Larsen Toubro, Sasken tech, Sesa Goa, Aban offshore, Ultratech cement- Investor's Guide-Features-The Economic Times ... Credit rating on BHEL, Larsen Toubro, Sasken tech, Sesa Goa, Aban offshore, Ultratech cement28 Jul, 2008, 0531 hrs IST, ET Bureau. (India Times)
Cement sector may slow down: Birla Jul 19, 2008
"The economy in general, including the cement sector is gravely affected by the escalation in fuel prices which have resulted in double digit inflation, rising interest rates and slower growth," Mr Birla told shareholders of group company UltraTech ... UltraTech, which was acquired by the Aditya Birla group in 2001 from L&T, reflected such concerns when CFO KC Birla said the fiscal first quarter net profit grew by just 2% as a sharp rise in fuel and power wasn't passed on. (India Times)
UltraTech eyes coal mines in Indonesia Jul 19, 2008
Copyright , 1998-2006. com hosted at India's first Level 3 Internet Data Centre. (Sify)
Disappearing Rally Primes The Pump Jul 17, 2008
Ultratech (nasdaq: - - ). Short Term PowerRating 8. (Forbes -- Markets)
Nifty resistance 3985-4000 Jul 4, 2008
The stocks which saw long build up and were at significant premiums are Alok Textiles, Amtek Auto, Bajaj Auto, Bank of India, Bongaigaon Refinery, Canara Bank, Corporation Bank, Gitanjali Jewelers, HCC, Indian Bank, Infosys Technologies, Kotak Mahindra Bank, Matrix Laboratories, NDTV, Nucleus Group, Patel Engineering, PIR Health, REC, Reddington, Satyam Computers, Tata Tea and Ultratech Cement. Stocks which have seen short build up and trading at a significant discount are ABB, Adlabs Film,... (India Times)
Lafarge to raise debt for L&T deal May 16, 2008
Compared with other players such as ACC, Ultratech and Grasim, Lafarges presence in the RMC market is negligible. Lafarge Aggregates started its RMC operations just few months ago in Raipur. (India Times)
Nifty May premium unchanged May 6, 2008
Long positions were built in Andhra Bank, Essar Oil, GNFC, Nagarjuna Constructions, Orchid Chemicals, TTML and Ultratech Cement. However, some short positions are seen in Ambuja Cement, Biocon, DLF, GAIL, HDIL, L&T, Renuka Sugar and Suzlon. (India Times)
Markets promoters beef up stakes Apr 19, 2008
The prominent firms where promoters stake went up include Arvind Mills, Bombay Dyeing, Tata Metaliks, Reliance Energy, Aditya Birla Nuvo, Ultratech, JSW Steel, Max India, Bajaj Hindusthan and UB Engineering. An ET study based on Capitaline data of 660 firms who have disclosed their l shareholding for March 31, 2008 reveals close to 100 firms (one in six) reported an increase in promoters stake. (India Times)
Analysts' picks: Amtek Auto, ITC, Ultratech Cements, Tata Power, Zee Ent Apr 3, 2008
Ultratech Cements CMP: Rs 761 ... Kotak Securities private client research has recommended a reduce on UltraTech Cement, as it has a cautious outlook on the cement sector ... We believe UltraTech Cement should benefit from higher volumes during the next financial year. (India Times)
The Military Mar 31, 2008
President Bush's for the next fiscal yeartotaling $541 billion, not including money for the wars in Iraq and Afghanistanis dominated by aircraft carriers, submarines, fighter jets, and ultratech combat fighting vehicles, i.e., the sorts of weapons you'd need to fight the sort of comparably armed superpower that no longer exists. Members of Congress impose no discipline on this extravagancethey scarcely even ask whether all these programs are necessaryfor fear of accusations that... (Slate)
KLA-Tencor's Levy joins the board of OptimalTest Mar 22, 2008
Levy presently serves on the board of Extreme Networks, and previously served on the boards of Juniper Networks, Ultratech Stepper, PowerDsine and Saifun Semiconductors. Another addition to OptimalTest's board is Haim Shani, who has served as the CEO of Nice since 2001, and before that, held a series of senior management positions at Applied Materials Inc. where he led the company's process diagnostic and control (PDC) business group. (EETimes)
Stocks to pick: ICICI Bank, Suzlon Energy, Birla Corporation Mar 10, 2008
Ultratech Cement Research:HSBC RAting:Overweight CMP:Rs 849. HSBC reiterates overweight rating on UltraTech Cement and maintains a target price of Rs 1,300, implying a potential total return of 44 ... UltraTechs performance has improved, as indicated by its year-to-date results. (India Times)
Cement subsidy offer for the economically weak Jan 10, 2008
Other companies are Grasim Industries, Ultratech Cement, Dalmia Cement (Bharat) and the Associated Cement Companies. On Monday, Mr. Srinivasan met the Chief Minister and assured him that he would consult other manufacturers on the issue of reducing the price of cement. (Hindu)
MRTPC establishes cartelisation by cement companies Dec 21, 2007
Among other cement stocks, UltraTech ended 1% lower at Rs 969, Gujarat Sidhee Cement lost nearly 7% to Rs 38. 75 and Mangalam Cement was down 6. (India Times, India -- Intl Business)
India Red scores comprehensive win Oct 27, 2007
Ahmedabad: His teammates left him high and dry, but Manoj Tiwary remained undaunted and continued to bat with resolve and purpose in a game of cricket in which even a trace of contest was absent when the UltraTech Challenger Trophy match between India Red and Green advanced past the twilight hours at Motera s Sardar Patel Stadium here on Friday. Tiwary struck eight firm and elegant boundaries before an on-side deflection terminated his 71-ball 65 knock. (Hindu)
Shakeout hits changing RTP market Oct 18, 2007
Applied and Ultratech are said to be developing laser tools in the arena ... "It will be a battle,'' MacKnight said. Intel, IBM and others are moving towards these types of tools. At 32-nm, Intel reportedly selected a tool technology from Mattson, sources said. Intel originally was supposed to use a laser tool from Ultratech, sources said. Mattson recently claimed to have won an order at the 32-nm node. The company declined to comment. For some time, Ultratech has been pushing laser technology.... (EETimes)
Capital goods sector steals the show Oct 10, 2007
8 share of Ultratech Cement company, in the restructuring ... 8 share of Ultratech on Tuesday was Rs 8,44. (India Times, India -- Intl Business)
Founder factor: Firms led by familiar faces often do better Aug 22, 2007
Firms, investors tend to prosper with founders at the helm - USATODAY.com. Real solutions for your real estate needs. (USA Today -- Money)
Kesoram Industries may be split into two Aug 14, 2007
Kumar Mangalam is the countrys largest cement maker with two companies Grasim and UltraTech. But he is not into the tyres business. (Business Standard)
UltraTech Cement posts 23% rise in net Jul 21, 2007
UltraTech Cement, the countrys second largest cement company and a part of Aditya Birla Group, has posted a 23 per cent rise in its net profit at Rs 259 crore for the quarter ended June 30 compared with Rs 210 crore in the previous corresponding quarter. Its net sales rose to Rs 1,365. (Business Standard)
Indian shares weak in midsession trade, cement shares firm Jul 11, 2007
83 pct at 1,066 rupees, while diversified company Grasim Industries Ltd, which also makes Ultratech brand of cement, was up 1. 96 pct at 2,780 rupees. (CNNMoney.com)
UltraTech shares sale not now: L&T chief Jul 6, 2007
UltraTech shares sale not now: Lf ... UltraTech shares sale not now: Lf. (Financial Express)
Crisil assigns bank loan ratings to 5 cos Jun 29, 2007
The agency has assigned its top rating (AAA) to Hero Honda Motors, Reliance and NTPC, and AA+ ratings to UltraTech Cement and Hero Honda Finlease. RBI, in April 2007, had issued guidelines on the new capital adequacy framework, based on the Basel II framework, which will come into effect by March 31, 2008, for all banks with operations outside India as well as all foreign banks that have presence here. (Economic Times)
Morgan Chu, Partner at Irell & Manella, to Receive UCLA Medal, University's Highest Honor, at Ceremony on June 14 Jun 14, 2007
His successful defense of computer technology company ASML Holding B.V., against charges of patent infringement brought by Ultratech Stepper, Inc., was acclaimed as one of the "Top Ten Defense Verdicts for 2005" by the Los Angeles Daily Journal. The ASML victory was affirmed on appeal by the Federal Circuit this year in a case Mr. Chu argued. (PR Newswire)
Birla to rejig cement brands Mar 31, 2007
The group, which is present in cement through Grasim Industries and UltraTech Cement, conducted a survey to gauge the performance of each brand, both regionally and nationally. Sources said that eventually, the plan is to retain a few strong brands, including UltraTech, which was acquired a few years ago as a spin-off from Larsen & Toubro (L&T) ... OP Puranmalka, group executive president, Grasim Industries said, "We have conducted an internal survey to view the performance of brands like... (India Times, India -- Intl Business)
Corporate events this week Mar 12, 2007
Choose a letter for all companies under it. INDIATIMES NEWS NETWORK. (India Times)
Mkt sheds gains; IT, cement stocks down Mar 7, 2007
3per cent to Rs 817; UltraTech Cement Company fell 2. 7per cent to Rs 799; India Cements was down 2. (India Times)
Mkt bleeds; Sensex down over 400 pts Mar 5, 2007
20 and UltraTech Cement Company was down 9. 12 per cent to Rs 803. (India Times)
Market weak; cement stocks plunge Mar 1, 2007
5 per cent to Rs 171, UltraTech Cement Ltd fell 2. 3 per cent to Rs 871 on reports that cement prices in western and northern India have been raised by Rs 12 per 50 kg bag from March 1, 2007. (India Times)
Higher tax burden on shipping cos Jan 26, 2007
The tax department has already turned the heat on companies like Varun Shipping, Mercator Lines and UltraTech ... So, UltraTech has already started deducting taxes on the charter hire it pays two companiesK C Maritime and Bulktainer Shipping. (India Times, India -- Intl Business)
Sensex@all-time high, crosses 14,300 mark Jan 19, 2007
UltraTech Cement rose 0. 5% to Rs 1170, ahead of its Q3 results today. (India Times, India -- Intl Business)
Shareholder: Ultratech must sell company Jan 16, 2007
The shareholder, Thales Fund Management LLC (New York), suggests that Ultratech would be better off selling the company to a larger entity after a slew of financial and technology disappointments ... Citing a major slowdown in business, chip-equipment provider Ultratech said that it has cut 10 percent of its headcount and shut down some sales offices ... Based upon softer business conditions for steppers and tools, Ultratech has reduced its revenue and earnings forecast for the fourth quarter. (EETimes)
Crorepati dream a reality for execs in many cos Jan 9, 2007
The most notable one in recent times is the Aditya Birla Group, which announced Esops for its major listed companies: Hindalco, Grasim Industries, Ultratech and Aditya Birla Nuvo. The respective market cap of the Esops to be issued at current prices: Rs 618 crore, Rs 780 crore, Rs 423 crore and Rs 627 crore. (India Times)
