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The
Aditya Birla Group is the 11th largest cement producer
in the world and the seventh largest in Asia |
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Incorporated
on 24 August 2000 as L&T Cement Limited |
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Cement
business of Larsen & Toubro Limited demerged and vested
in company in 2004 |
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Grasim acquired management control in July 2004 |
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Together
with Grasim the largest cement producer in India |
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Name
changed to UltraTech Cement Limited with effect from 14
October 2004 |
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Narmada
Cement Company Limited amalgamated with UltraTech in May
2006. |
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2006
| 2004 | 2003
| 2002 | 2001
| 1998-2000 | 1999
| 1998 | 1996
| 1994 | 1993
| 1987 | 1983
As part of the eighth biggest cement manufacturer
in the world, UltraTech Cement has five integrated
plants, five grinding units as well as three terminals
of its own (one overseas, in Colombo, Sri Lanka).
These facilities gradually came up over the years,
as indicated below:
2006
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Narmada
Cement Company Limited amalgamated with UltraTech
pursuant to a Scheme of Amalgamation being
approved by the Board for Industrial &
Financial Reconstruction (BIFR) in terms of
the provision of Sick Industrial Companies
Act (Special Provisions) |
2004
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Completion
of the implementation process to demerge the
cement business of L&T and completion
of open offer by Grasim, with the latter acquiring
controlling stake in the newly formed company
UltraTech |
2003
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The
board of Larsen & Toubro Ltd (L&T)
decides to demerge its cement business into
a separate cement company (CemCo). Grasim
decides to acquire an 8.5 per cent equity
stake from L&T and then make an open offer
for 30 per cent of the equity of CemCo, to
acquire management control of the company. |
2002
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The
Grasim Board approves an open offer for purchase
of up to 20 per cent of the equity shares
of Larsen & Toubro Ltd (L&T), in accordance
with the provisions and guidelines issued
by the Securities & Exchange Board of
India (SEBI) Regulations, 1997. |
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Grasim
increases its stake in L&T to 14.15 per
cent |
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Arakkonam
grinding unit |
2001
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Grasim
acquires 10 per cent stake in L&T. Subsequently
increases stake to 15.3 per cent by October
2002 |
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Durgapur
grinding unit |
1998-2000
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Bulk
cement terminals at Mangalore, Navi Mumbai
and Colombo |
1999
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Narmada
Cement Company Limited acquired |
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Ratnagiri
Cement Works |
1998
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Gujarat
Cement Works Plant II |
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Andhra
Pradesh Cement Works |
1996
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Gujarat
Cement Works Plant I |
1994
1993
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Jharsuguda
grinding unit |
1987
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Awarpur
Cement Works Plant II |
1983
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Awarpur
Cement Works Plant I |
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