UltraTech Cement results
Published by Joseph Green,
Editor
World Cement,
UltraTech Cement Limited has announced its unaudited financial results for the quarter ended 30 June 2015.
Financials
Net sales stood at Rs.6038 crore as compared to Rs.5649 crore in the corresponding period of the previous year. Profit before Interest, Depreciation and Tax was Rs.1252 crore and Profit after Tax is Rs.591. This was compared to Rs.1264 crore and Rs.626 crore respectively in the corresponding period of the previous year.
Cement and clinker recorded sales at 12.14 million t and 2.67 million t for white cement and wall care putty.
Corporate Development
The Scheme of Arrangement between the company and Jaiprakash Associates Limited (JAL) and their shareholders and creditors for acquisition of the cement units of JAL situated at Bela and Sidhi in Madhya Pradesh, having a capacity of 4.9 million tpy together with a thermal power generation capacity of 180 MW TPP has been approved by the shareholders and creditors of the company.
Capex
The company further commissioned 15 MW Waste Heat Recovery Systems taking the total power generation capacity from waste heat recovery to 48 MW.
Adapted from press release by Joseph Green
Read the article online at: https://www.worldcement.com/asia-pacific-rim/21072015/ultratech-cement-results-200/
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