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    ULTRACEMCO   INE481G01011

ULTRATECH CEMENT LIMITED

(ULTRACEMCO)
  Report
Delayed Quote. Delayed NSE India Stock Exchange - 12/08 05:29:24 am
7423.95 INR   +1.71%
12/06GENERAL ANNOUNCEMENT : :Corporate Dossier
PU
12/03GENERAL ANNOUNCEMENT : :Allotment of ESOS
PU
12/02GENERAL ANNOUNCEMENT : :Investor meeting and Presentation
PU
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SummaryMost relevantAll NewsAnalyst Reco.Other languagesPress ReleasesOfficial PublicationsSector news

Ultratech Cement Signs MOU With PRESPL to Scale Up Use Of Bio-Mass In Manufacturing Operations

10/13/2021 | 02:12am EST

UltraTech Cement announced signing a non-binding memorandum of understanding (MoU) with Punjab Renewable Energy Systems Pvt. Ltd. (PRESPL). The MoU is part of UltraTech's endeavor to decarbonize its operations and aims to significantly scale-up the use of biomass in place of fossil fuel like coal in UltraTech's manufacturing operations. Under the agreement, PRESPL will leverage its technological expertise to replace coal- based systems with biomass-based processes. PRESPL will execute the biomass-based projects at three of UltraTech's units. Cumulatively, implementation of these three projects is estimated to generate annual carbon savings of over 150 thousand tonnes of CO2. As part of this agreement, PRESPL will also build a sustainable supply chain of agricultural waste to be utilized as biomass energy in the kilns of UltraTech's integrated units. This biomass-based fuel model helps to safely dispose agri-residue, which is currently burnt in open fields, thus helping reduce Scope 1 and Scope 2 emissions. Higher usage of agri- residue in cement kilns, will also augment income for farmers, while reducing the country's dependency on coal imports. The MoU with PRESPL will help to further accelerate and scale up UltraTech's use of waste in its manufacturing operations thus reducing its carbon footprint while also reducing the waste to landfill for society at large.


ę S&P Capital IQ 2021
All news about ULTRATECH CEMENT LIMITED
12/06GENERAL ANNOUNCEMENT : :Corporate Dossier
PU
12/03GENERAL ANNOUNCEMENT : :Allotment of ESOS
PU
12/02GENERAL ANNOUNCEMENT : :Investor meeting and Presentation
PU
12/01Indian Indices Settle in Green Midweek; IndusInd Bank Soars 6%
MT
11/30Ultratech Cement Begins Coal Mining in Madhya Pradesh, India
MT
11/30UltraTech Cement Limited Announces Commencement of Mining from Bicharpur Coal Block
CI
11/25GENERAL ANNOUNCEMENT : :Press Release
PU
11/08Indian Indices Close Higher on Monday; IndusInd Bank Plummets 10%
MT
10/29Indian Indices Close the Week in Red; Tech Mahindra Tanks 4%
MT
10/28Indian Benchmarks Extend Loss on Thursday; Adani Ports and Special Economic Zone Plunge..
MT
More news
Analyst Recommendations on ULTRATECH CEMENT LIMITED
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Financials
Sales 2022 536 B 7 095 M 7 095 M
Net income 2022 70 155 M 929 M 929 M
Net Debt 2022 44 763 M 593 M 593 M
P/E ratio 2022 29,9x
Yield 2022 0,58%
Capitalization 2 106 B 27 913 M 27 896 M
EV / Sales 2022 4,02x
EV / Sales 2023 3,54x
Nbr of Employees -
Free-Float 40,3%
Chart ULTRATECH CEMENT LIMITED
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UltraTech Cement Limited Technical Analysis Chart | ULTRACEMCO | INE481G01011 | MarketScreener
Technical analysis trends ULTRATECH CEMENT LIMITED
Short TermMid-TermLong Term
TrendsBearishNeutralBullish
Income Statement Evolution
Consensus
Sell
Buy
Mean consensus BUY
Number of Analysts 37
Last Close Price 7 299,40 INR
Average target price 8 414,22 INR
Spread / Average Target 15,3%
EPS Revisions
Managers and Directors
Kailash Chandra Jhanwar Director & Managing Director
Atul Satish Daga Chief Financial Officer & Executive Director
Kumar Mangalam Birla Non-Executive Chairman
Pramod Rajgaria President-International Operations
Sanjeeb Kumar Chatterjee Secretary & Compliance Officer
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