ULTRACEMCO

June 10 (Reuters) - UltraTech Cement Ltd ULTC.NS:

• ULTRATECH CEMENT - TO ACQUIRE 13.99% EQUITY SHARES OF FPEL SERVICES

Source text: ID:nBSE59YxLV

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May 6 (Reuters) - UltraTech Cement Ltd ULTC.NS:

• ULTRATECH CEMENT - GETS TAX DEMAND OF 8.09 BILLION RUPEES

Source text: [ID:]

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** Shares of Ultratech Cement ULTC.NS up 2.26% to 12,282 rupees apiece; last down 1.03% to 11,886 rupees

** India's largest cement maker beat quarterly profit estimates; consol net profit rises 20.2% to 29.83 billion rupees ($315.80 million)

** Investec ("Buy"; PT: 14,868 rupees) says quarterly profit beat aided by pricing, adds incremental expansions to support growth, while keeping capex intensity low

** Emkay Global ("Buy"; PT: 13,000 rupees) says operating costs flat YoY despite 50 rupees/tonne impact from U.S.-Iran conflict due to swift ramp-up of acquired assets

** CLSA ("High Conviction Outperform"; raises PT to 14,000 rupees) says says sustained cost efficiency positions company to absorb Middle East conflict headwinds

** Expects mid-to-high teen EBITDA growth over medium term from capacity-led volume growth and margin improvement

** Stock rated as "Buy" on average by 38 analysts; median PT at 14,045 rupees per data compiled by LSEG

** YTD, stock up 1.6%

($1 = 94.4600 Indian rupees)

(Reporting by Mridula Kumar in Bengaluru)

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** Shares of India's UltraTech Cement ULTC.NS rise as much as 1.93% ahead of March-quarter results, last up 0.80% at 12,094 rupees

** Analysts on average expect India's largest cement maker by capacity to post a 10.2% year-on-year increase in consol revenue from operations to 254.12 billion rupees ($2.70 billion) - LSEG data

** Analysts on average expect a 13.2% jump in consol profit to 28.10 billion rupees - LSEG data

** Morgan Stanley (TP: 15,000 rupees) reiterates "overweight" rating after unit India Cements' ICMN.NS Q4 results, saying operating profitability improved strongly in March quarter

** Nomura ("buy") expects UltraTech's profitability per metric ton to improve sequentially as price gains and volume growth offset higher raw material and fuel costs

** ULTC rated "buy" on average by 39 analysts, median PT at 14,104.50 rupees - LSEG data

** YTD, stock up 1.82%

($1 = 94.2038 Indian rupees)

(Reporting by Surbhi Misra in Bengaluru)

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March 25 (Reuters) - UltraTech Cement Ltd ULTC.NS:

• GETS TAX DEMAND OF 289.7 MILLION RUPEES ALONG WITH INTEREST, PENALTY

Source text: ID:nBSE74GDq0

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March 18 (Reuters) - UltraTech Cement Ltd ULTC.NS:

• ULTRATECH CEMENT - TO ACQUIRE 26.18% EQUITY SHARES OF SUNSURE SOLARPARK SEVEN

• ULTRATECH CEMENT - ACQUISITION TO MEET GREEN ENERGY NEEDS AND COMPLY WITH REGULATORY REQUIREMENTS

• ULTRATECH CEMENT - EQUITY INVESTMENT UP TO 192 MILLION RUPEES FOR ACQUISITION

Source text: ID:nBSE6ghd8Q

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March 13 (Reuters) - UltraTech Cement Ltd ULTC.NS:

• GETS TAX ORDER FOR TAX DEMAND OF 10.9 MILLION RUPEES, INTEREST OF 11.7 MILLION RUPEES, PENALTY OF 10.9 MILLION RUPEES

Source text: ID:nBSE8NN5dn

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March 6 (Reuters) - UltraTech Cement Ltd ULTC.NS:

• ULTRATECH CEMENT - APPOINTMENT OF MR. JAYANT DUA AS MANAGING DIRECTOR (DESIGNATE) OF COMPANY

• ULTRATECH CEMENT - APPOINTMENT OF JAYANT DUA AS MANAGING DIRECTOR (DESIGNATE)

• ULTRATECH CEMENT - K. C. JHANWAR'S TERM AS MANAGING DIRECTOR ENDS 31 DECEMBER 2026

Source text: ID:nBSEbf7NYq

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Updates

** India's UltraTech Cement ULTC.NS shares up 3.6%

** The cement maker posts a 27% y/y rise in third-quarter consol net profit; net sales up 23% lifted by 15% rise in consol sales volumes

** Stock gets at least 19 TP hikes, at least two rating upgrades since results were released - data compiled by LSEG

RESULTS PROVE AGAIN CO HAS "NO COMPARABLE PEER"

** PhillipCapital India Research ("buy", TP 15,300 rupees): Co "once again proves that there is no comparable peer" to itself "not just in terms of capacity but also in terms of an ability to deliver on strong operating performance despite a challenging business environment"

** Emkay Research ("buy", hikes TP 5% to 14,700 rupees): ULTC been our top pick, we "continue to repose faith on its ability to deliver cost savings and strengthen its pole market share position"

** Systematix Research ("buy", lifts TP 3.6% TO 15,000 rupees): We remain upbeat on stock's growth prospects such as its healthy volume performance, high-capacity utilizations, fortress balance sheet and a mammoth expansion plan that cements co's leadership position further

** Elara Securities ("accumulate", raises TP 3.3% to 14,553 rupees): Co "well-positioned" to outpace industry, supported by improving demand and ramp-up of recently added capacities across organic and inorganic routes

(Reporting by Hritam Mukherjee in Bengaluru)

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Jan 23 (Reuters) - Paradeep Parivahan Ltd PDEE.BO:

• PARADEEP PARIVAHAN LTD - SIGNS 8-YEAR AGREEMENT WITH ULTRATECH CEMENT

Source text: ID:nBSE8v51cQ

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Jan 16 (Reuters) - UltraTech Cement Ltd ULTC.NS:

• ULTRATECH CEMENT - COMPANY ENTERS SHARE PURCHASE AGREEMENT WITH CELESTIAL ENERGY

Source text: ID:nBSE75SH8z

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** UltraTech Cement ULTC.NS posts 75% jump in PAT Y/Y, announces nearly 103 billion rupees ($1.17 billion) capex towards increasing capacity

** Shares fall nearly 1% to 12,260 rupees as overhead costs rise 25% Q/Q, hurting margins

BROKERAGES CHEER CAPACITY EXPANSION PLANS

** Emkay ("buy", PT at 14,000 rupees) says profit missed estimates; positive on continued momentum towards growing capacity, turnaround in acquired entities, commitment to deliver operational cost realisations

** Centrum ("buy", PT at 13,678 rupees) says quarter's cost pressure is one-off, expects demand recovery in H2FY26

** Adds, robust capacity expansion pipeline should support

volume growth

** Jefferies ("buy", PT at 14,700 rupees) sees stable pricing, GST cuts to boost premium cement demand

** Systematix ("buy", PT at 14,481 rupees) upbeat on growth; notes healthy volumes, high capacity utilisation, expansion plan

($1 = 87.8625 Indian rupees)

(Reporting by Komal Salecha)

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** Shares of Ultratech Cement ULTC.NS close 1.42% lower at 12,398 rupees, biggest pct drop in a month

** Around 47,368 shares traded in multiple block deals at a discount of 0.7%-2% over previous session's close

** Stock up nearly 9% YTD

(Reporting by Urvi Dugar)

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** Shares of Texmaco Rail & Engineering TEXA.NS gain 2.9% to 151.79 rupees

** The engineering and infrastructure firm gets an order worth 868.5 million rupees ($9.85 million) from UltraTech Cement ULTC.NS

** Order for BCFC wagons along with brake van, to be delivered by March 2026

** TEXA stock down ~22%, YTD

($1 = 88.1950 Indian rupees)

(Reporting by Vijay Malkar)

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Aug 28 (Reuters) - UltraTech Cement Ltd ULTC.NS:

• ULTRATECH CEMENT LTD - ORDER-IN-APPEAL SETS ASIDE TAX DEMAND FROM CO

• ULTRATECH CEMENT - NO MATERIAL FINANCIAL IMPACT ON CO

Source text: ID:nBSE3fDlLC

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Aug 20 (Reuters) - UltraTech Cement Ltd ULTC.NS:

• ULTRATECH CEMENT LTD - SALE REPRESENTS 6.49% OF INDIA CEMENTS' EQUITY SHARE CAPITAL

• ULTRATECH CEMENT - TO SELL VIA OFFER FOR SALE ROUTE VIA EXCHANGES

• ULTRATECH CEMENT - APPROVED SALE OF UPTO 20.1 MLN SHARES OF THE INDIA CEMENTS

Source text: ID:nNSE1dGTBt

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June 26 (Reuters) - UltraTech Cement Ltd ULTC.NS:

• ULTRATECH CEMENT LTD - COMMISSIONS SECOND GRINDING MILL WITH 1.8 MTPA CAPACITY

Source text: ID:nBSE5rjFKB

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** Shares of Ultratech Cement ULTC.NS rise 2.4% to 11,496 rupees

** Cement maker among top five pct gainers on benchmark Nifty 50 index .NSEI, which is up about 1%

** "Healthy price hikes in April and May, despite weaker than expected volumes, have driven higher profitability per tonne in cement industry," says Goldman Sachs

** Reiterates "buy" on ULTC, calls it the "top pick" in the sector; sets PT at 12,650 rupees

** Average rating of 38 analysts tracking ULTC is "buy"; median PT at 13,200 rupees - data compiled by LSEG

** YTD, ULTC down 1.8%, Nifty 50 4.5% rise

(Reporting by Bharath Rajeswaran in Bengaluru)

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April 28 (Reuters) - UltraTech Cement ULTC.NS, India's biggest cement maker by capacity, reported fourth-quarter profit below market expectations on Monday, pressured by weak pricing and higher costs.

Consolidated net profit for the company came in at 24.82 billion rupees ($292 million) in the three months ended March 31, compared to analysts' average estimate of 26.31 billion rupees, per data compiled by LSEG.

($1 = 84.9870 Indian rupees)

(Reporting by Hritam Mukherjee in Bengaluru; Editing by Sherry Jacob-Phillips and Varun H K)

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April 16 (Reuters) - UltraTech Cement Ltd ULTC.NS:

• TO ACQUIRE 26% EQUITY IN AMPIN C&I POWER EIGHT

Source text: ID:nBSE84jhmN

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April 9 (Reuters) - UltraTech Cement Ltd ULTC.NS:

• ORDER DROPS TAX DEMAND, UPHOLDS TAX LIABILITY OF 9.2 MILLION RUPEES

Source text: ID:nBSE7d0hrN

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April 3 (Reuters) - UltraTech Cement Ltd ULTC.NS:

• ULTRATECH CEMENT LTD - TO ACQUIRE WONDER WALLCARE FOR 2.35 BILLION RUPEES

Source text: ID:nBSEbv1ptc

Further company coverage: ULTC.NS

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