Grasim Industries Archives - indiabusinessview

Grasim-Ultratech cement businesses to be consolidated

October 3, 2009August 20, 2014Editor

Grasim Industries, the Aditya Birla group flagship, announced the restructuring of its cement business. The company’s board met today to consider a restructuring proposal, which has been widely reported in the media as pertaining to consolidation of its cement business.

Ultratech’s Q1 net profit up 58%, volumes up 24%

July 21, 2009August 20, 2014Editor

Ultratech Cement’s sales and profits during the June 2009 quarter grew handsomely. The company is a subsidiary of Grasim Industries, a Aditya Birla Group company. Its net sales grew by 31% to Rs 1953 crore, and net profit rose by 58% to Rs 418 crore. Several factors contributed to its good performance: volume growth (partly due to new capacity), firm prices, excise duty reduction, lower coal prices and power costs.