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UNCOVERED: Ultratech - Caught on Camera

Jefferies cuts KEI Industries target price by 11%. Will UltraTech’s entry put the company at risk?

Jefferies has cut its target price for KEI Industries by 11% to Rs 6,150, citing concerns over UltraTech Cement’s entry into wires and cables. The brokerage expects some retail market-share pressure but believes KEI can offset the impact through power transmission cables and exports, retaining its Buy rating on the…

The Economic Times

Copper hits record high, UltraTech’s Ultravolt on the offensive: A double whammy for cable makers in FY27?

Copper prices have soared to unprecedented levels, creating ripple effects on manufacturing expenses worldwide. UltraTech's Ultravolt is making bold strides into the Indian wires and cables sector, creating a competitive landscape for established manufacturers in fiscal year 2027. As a response to escalating input costs, companies are enacting price hikes,…

The Economic Times

Wires on fire: Why UltraTech’s Rs 1,800 crore Ultravolt bet wiped out Rs 21,500 crore in 2 days

UltraTech’s entry into wires and cables triggered a sharp selloff in listed peers as investors assess the impact of intensified competition on market share, pricing and margins. While house wires and light-duty cables face the most immediate pressure, higher-voltage segments remain relatively insulated. Analysts remain positive on long-term industry growth,…

The Economic Times

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Polycab, KEI Industries shares crash up to 9% after UltraTech Cement enters wires & cables business. What Jefferies, Nuvama expect

Shares of Polycab and KEI Industries fell sharply after UltraTech Cement launched its ₹1,800 crore wires and cables business, Ultravolt. Brokerages warned that the Aditya Birla Group’s aggressive entry could trigger near-term de-rating across the cables and wires sector, although Nuvama retained Polycab and KEI as its top picks.

The Economic Times

Birla built India with cement, now it wants to wire up what powers it with a ₹1,800 crore bet

In an ambitious move, Aditya Birla Group has unveiled Ultravolt, a new enterprise dedicated to wires and cables. The company seeks to establish itself as a top contender within five years, utilizing the extensive distribution reach of UltraTech Cement. This launch responds to India's growing needs in the construction and…

The Economic Times

Aditya Birla Group launches Ultravolt with Rs 1,800 crore bet, debuts as India’s No. 2 wires player by capacity

Aditya Birla Group launched its Ultravolt wires and cables business with a significant investment. This new venture aims to become a top player in the wires segment within five years. Ultravolt will expand UltraTech Cement's participation in the construction value chain. The business will reach over one lakh retailers and…

The Economic Times

India’s new capex cycle is being driven by cash-rich giants, HSBC India CEO Hitendra Dave says

India's corporate investment cycle now features financially stronger companies expanding capacity. These well-capitalized groups are using internal cash flows for growth and consolidation. This differs from the earlier debt-heavy boom which relied on bank financing. HSBC India's balance sheet is expanding significantly, crossing five lakh crore rupees. Global capital flows…

The Economic Times

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Pilani Investment to sell 1.7 million UltraTech Cement shares for ₹1,908 crore

Pilani Investment plans to sell 1.7 million UltraTech Cement shares valued at ₹1,908 crore on August 13, 2026, at a 3% discount. Separately, UltraTech Cement is acquiring a 26% stake in Solaris Horizon Energy to support its green energy initiatives.

The Economic Times

UltraTech Cement shares gain 2% after Q1 results. Why Nuvama, other brokerages raised target?

UltraTech Cement shares rose after the company posted a 17% year-on-year rise in Q1 FY27 consolidated net profit to Rs 2,599 crore and a 16% increase in revenue to Rs 24,648 crore. The stock also gained after multiple brokerages raised their target prices, encouraged by strong earnings and management guidance

The Economic Times

Grasim invested Rs 74,000 cr as capex in last 5 years: Kumar Mangalam Birla

Grasim Industries invested Rs 74,000 crore in capital expenditure over five years. This outlay shows confidence in long-term demand and India's growth potential. The company achieved its highest-ever consolidated revenue of Rs 1,75,431 crore. Its paints venture, Birla Opus, is now the number three player. UltraTech Cement became the world's…

The Economic Times

UltraTech Cement Q1 Results: Cons profit jumps 17% YoY to Rs 2,599 crore; revenue rises 16%

UltraTech Cement Q1 Results: UltraTech reported a 17% YoY rise in Q1FY27 consolidated net profit to Rs 2,599 crore, while revenue increased 16% to Rs 24,648 crore. EBITDA grew 12% to Rs 5,146 crore, driven by higher cement volumes, improved realisations and strong growth in ready-mix concrete and construction chemicals.…

The Economic Times

Cement makers expect 7-8% growth in FY27 despite West Asia headwinds

Indian cement companies anticipate strong growth of 7-8 per cent in FY27. Government infrastructure projects and housing demand are key drivers. Companies are increasing capital expenditure to support this expansion. Despite rising fuel costs and geopolitical concerns, the sector remains optimistic about its long-term growth trajectory.

The Economic Times

‘We’ll be buried alive’: Mining turns homes in Rajasthan’s villages into death traps

“Houses have developed cracks because of mining. School buildings are damaged. We will certainly be buried alive under these unsafe houses. It’s safer to live under a tent,” Netram, a sarpanch representative at Ajeetpura village in Kotputli-Behror district of Rajasthan, said while protesting at a dharna against National Limestone Company…

Newslaundry

UltraTech Cement to invest Rs 13,000 crore to add production capacity

The board of the Aditya Birla Group flagship firm "approved the 3rd phase of growth with an investment of Rs 13,000 crore towards increasing its capacity. Read further on Dynamite News:

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