UltraTech Cement Limited was incorporated on August 24, 2000 as a Public Limited Company with the name 'L&T Cement Limited' as a 100% subsidiary of Larsen & Toubro Limited. On November 2003, Company's name was changed from L&T Cement Limited to UltraTech Chem Co. Limited. In July 2004, Grasim Industries Ltd acquired management control of the Company and the name was changed from UltraTech ChemCo Limited to UltraTech Cement Limited on October 14, 2004.
The Company is the largest manufacturer of Grey Cement, Ready Mix Concrete (RMC) and White Cement in India. It is also one of the leading cement producers globally. With a consolidated Grey Cement Capacity of 132.4 MTPA, it is the third largest cement producer in the world excluding China, and the only one globally (out of China) to have over 100 MTPA of cement manufacturing capacity in a single country. The Company has established a strong market presence in India and internationally. It operate 24 integrated Units, 1 white cement Unit, 3 putty Units, 29 grinding Units, 8 bulk packaging terminals, and 5 jetties across India, UAE, Bahrain, and Sri Lanka. The Company is engaged in the manufacture and sale of Cement and Cement related products
UltraTech Cement has 23 integrated plants, 1 clinkerisation plant, 27 grinding units and 8 bulk packaging terminals. Its operations span across India, UAE, Bahrain and Sri Lanka. UltraTech Cement is also India's largest exporter of cement reaching out to meet the demand in countries around the Indian Ocean and the Middle East. UltraTech Cement is a subsidiary of Grasim Industries Ltd.
In the year 2004, pursuant to the Scheme of Arrangement, the Cement business of Larsen & Toubro Ltd was demerged and transferred to the Company with effect from April 1, 2003. In May 14, 2004, the Company acquired four crore Equity Shares of Larsen & Toubro Ceylino (Pvt.) Ltd. from Larsen & Toubro Ltd. at an aggregate consideration of Rs. 23.03 crore.
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