Responsible business practices and strong stakeholder values are the two key stepping stones which ensures a sustained future for any organization. ABG is such a glorified example. With 120,000 employees from 42 nationalities, serving 34 countries – ABG has come a long way of being a global powerhouse operating in an array of major sectors.
It was 2006. Our house needed renovation. In a market dominated by Ambuja and ACC, Ultratech cement had silently but steadily made its mark. I remember Ultratech’s inspiring tv commercials – ‘Chalo India Banaye !’. My parents went with Ultratech for the renovation and we haven’t incurred any maintenance cost since. After all, it was ‘The Engineer’s Choice’.
With a wide product portfolio consisting of – Ordinary Portland Cement, Portland Pozzolana Cement, Portland Blast Furnace Slag Cement, White Cement, Ready Mix Concrete and a host of other building solutions, Ultratech Cement Ltd. has become the largest manufacturer of grey and white cement in India. The brand embodies ‘strength’, ‘reliability’ and ‘innovation’ – attributes essential for transforming a house into a home.
Ultratech Cement registered a strong operating performance with EBITDA rising 30 % YoY at INR 2,200 crore led by hefty beat on cost. EBITDA/tonne jumped to INR 1,039 compared to INR 922 and INR 777 in Q4FY18 and Q3FY19, respectively. Management anticipates a 8-8.5 % YoY growth for FY20.
Since its inception in the mid-1980s, Ultratech has become the 3rd largest cement company globally and the market leader in north India – building lives, one block at a time.