Milestones UltraTech’s journey began almost three decades ago and throughout this journey, the focus has always been on providing customers with the best products and services. The resulting success has only reaffirmed UltraTech’s desire to be a complete end-to-end building solutions provider. Each milestone in this journey is a cherished memory: becoming the largest cement manufacturer in India, winning the ‘SUPERBRAND’ and 'POWERBRAND' accolades and being recognised as a truly global organization, are a few that stand out. More about us Profiles Brand UltraTech Footprints Team Milestones Awards Logistics UltraTech’s inception can be traced back to the mid-1980s with the establishment of Grasim’s first cement plant at Jawad in Madhya Pradesh. In 2001, with the objective of increasing its reach, Grasim acquired a stake in L&T Cement Ltd. The stake was further increased to a majority stake in 2003 thereby giving Grasim a pan-India presence and an increased market share. In 2004, the demerger of L&T’s cement business was completed and Grasim acquired a controlling stake in L&T Cement Ltd and the name was subsequently changed to UltraTech cement. The cement business of Grasim was demerged and vested in Samruddhi Cement Limited in May 2010, with Samruddhi Cement Limited consequently being amalgamated with UltraTech Cement Limited in July 2010. In September 2010, UltraTech Cement Middle East Investments Limited, a wholly owned subsidiary of UltraTech Cement acquired management control of ETA Star Cement Company, along with its operations in the UAE, Bahrain and Bangladesh, thereby putting UltraTech on the global map. Today, UltraTech Cement is the tenth largest producer of cement globally. It has a diverse presence across the globe. The company has eleven integrated plants, one white cement plant and one clinkerisation plant, which is based in the UAE. Furthermore, UltraTech has 15 grinding units across the world: 11 in India, 2 in UAE and 1 each in Bahrain and Bangladesh. It also has 2 rail bulk terminals in India, 3 coastal terminals, out of which 2 are located in India and one in Sri Lanka. UltraTech has 101 concrete plants across 35 locations in India. The history of UltraTech’s progress over the years is given below: 1998 1996 1994 1993 1987 1983 GROWTH STORY 2010 2006 2004 2003 2002 2001 2000 1999 1998 1996 1994 1993 1987 1983 GROWTH STORY 2010 2006 2004 2003 2002 UltraTech in 2003 The board of Larsen & Toubro Ltd (L&T) decides to demerge its cement business into a separate cement company (CemCo). Grasim decides to acquire an 8.5 per cent equity stake from L&T and then make an open offer to acquireanother 30 per cent of the equity of CemCo, in order to acquire management control of the company.