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UltraTech Cement Limited
UltraTech Cement Limited
e sector companies and is the eighth-largest cement producer in the world. It is a subsidiary of Grasim Industries Limited, which in turn is a flagship company of the Aditya Birla Group. The foundation for the cement business of the Aditya Birla Group was laid in the early 1980s, when cement plants were set up for Grasim (Khor, Madhya Pradesh) and Indian Rayon (Malkhed, Karnataka). Subsequently, the business continued on the growth trajectory through internal expansions, acquisitions and mergers. The entire cement business of the Aditya Birla Group has now been consolidated under UltraTech Cement Limited with effect from 1st August 2010. This gives the Company the scale, size and operating efficiencies required to catapult itself into a world-leading position in the industry. UltraTech has become a pan-India player with a 20% market share. Furthermore, the Company has added to its portfolio the specialty products of White Cement and Wallcare Putty. Economic Aspect Economic returns is just one of the rewards that accrue to stakeholders who repose their faith in an organization. It is the duty of every responsible organization therefore, to focus on robust economic performance and improve on their previous years turnover figures, year on year. UltraTech believes in going beyond pure profitability, to deliver an economic performance that encompasses a broader universe. With enhanced bottom-line growth, the Company is enabled to plough funds into diverse spheres, in order to create better infrastructure, sustainable livelihoods, and a better quality of life for less privileged communities. There is stringent adherence to responsible paying of taxes, for the Company considers this to be a significant contributor towards building not only society, but the nation as a whole.