• Awarpur Cement Works Plant II acquired.

• Jharsuguda grinding unit acquired.

• Hirmi Cement Works acquired.

• Gujarat Cement Works Plant I becomes functional.

• Gujarat Cement Works Plant II becomes functional.
• Andhra Pradesh Cement Works acquired.

• Narmada Cement Company Limited acquired.
• Ratnagiri Cement Works acquired.

• Bulk cement terminals established at Mangalore, Navi Mumbai and Colombo.

• Grasim acquires 10 percent stake in L&T. Subsequently increases stake to 15.3 percent by October 2002.
• Durgapur grinding unit becomes functional.

• The Grasim Board approves an open offer for purchase of up to 20 percent 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.
• Grasim increases its stake in L&T to 14.15 percent.
• Arakkonam grinding unit becomes functional.

• 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 percent equity stake from L&T and then make an open offer to acquire another 30 percent of the equity of CemCo, in order to acquire management control of the company.

• 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.

• Narmada Cement Company Limited amalgamated with UltraTech, in accordance with a Scheme of Amalgamation approved by the Board for Industrial & Financial Reconstruction (BIFR) under the provision of Sick Industrial Companies Act (Special Provisions)

• UltraTech Cement Middle East Investments Limited, a wholly owned subsidiary of the Company acquired management control of ETA Star Cement together with its operations in the UAE, Bahrain and Bangladesh
• The cement business of Grasim demerged and vested in Samruddhi Cement Limited in May, 2010. Subsequently, Samruddhi Cement Limited amalgamated with UltraTech Cement Limited in July 2010.

• New clinker plants of 3.3 MT capacity each at Rawan, Chhattisgarh and Rajashree, Karnataka
• Commissioned GU of 1.6 MT capacity at Hotgi, Maharashta; 1.6 MT at Jharsuguda, Orissa and 1.5 MT at Rajashree, Karnataka
• Port - based bulk terminal of 0.5 MT at Cochin
• Wall care putty plant at Katni with a capacity of 0.4 MT
• Acquisition of Sewagram and Wanakbori unit in Gujarat with a capacity of 4.8 MTPA
• Total capacity - 62 MT (grey cement)

Largest single cement company in India 
Capacity: 66.3 MTPA
March: Grinding plants commissioned in Jhajjar, Dankuni, Patliputra

Largest cement company in India, 4th in world (excluding China) 
Capacity: 93 MTPA
July: Acquires Jaypee Cement business (21.2 MTPA)

UltraTech is 3rd largest cement company globally (excluding China) November - Acquired cement business of Binani Cement (6.25 MTPA) Capacity: 102.75 MTPA Cement unit commissioned in Dhar (3.5 MTPA) – Capacity 96.5 MTPA