ULTRATECH CEMENT ANNUAL REPORT 2012 PDF

31 Mar Annual Report UltraTech Cement Limited. 1 ⊲. NOTICE. NOTICE is hereby given that the Twelfth. Annual General Meeting of. 31 Mar UltraTech is among the top global cement .. on this Annual Report is without the financial year ending 31st March, , subject to. 18 Jul Annual Report UltraTech Cement Limited. 2. NOTICE OF ANNUAL GENERAL MEETING provisions of the Securities and Exchange.

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Mar 31, Dear Shareholders. The evaluation framework for assessing the performance of Directors of your Company comprises of contributions at the meetings, strategic perspective or inputs regarding the growth and performance of your Company, among others.

Going forward, we wish to work on off-the-job safety so as to further build on the safety culture. ultratecg

It represents your Company in national and international cement and concrete conferences and seminars. Independent Directors on your Company”s Board have submitted declarations of independence to the effect that they meet the criteria of independence as provided in Section 6 of the Act and Regulation 16 1 b of the Listing Regulations.

In a separate matter, the CCI by its order dated 19 th January, has imposed a penalty of Rs, Formal Annual Evaluation The evaluation framework for assessing the performance of Directors of your Company comprises of contributions at the meetings, strategic perspective or inputs regarding the growth and performance of your Company, among others.

Misra retired as Managing Director on 31s March, The Hon”ble Supreme Court of India introduced a ban on the use of petcoke in Haryana, Rajasthan and Uttar Pradesh to curb pollution and even though the restriction was subsequently relaxed, there was a hike in import duty on petcoke from 2.

During the year under review, all recommendations made by the Audit Committee were accepted by the Board. The Secretarial Audit Report does not contain any qualification, reservation or adverse remark.

UltraTech Cement Directors Report | UltraTech Cement Director Details – The Economic Times

Atul Daga, Chief Financial Officer are the permanent invitees. The primary consideration for obtaining the mines is to ensure your Company’s coal security. Rathi forms reporf of the Notice of the ensuing Annual General Meeting. Towards this, your Company continues to maximise use of industrial waste, alternative sources of fuel and chemicals and mineral evaluation of captive limestone reserves.

The details of program for familiarization uptratech Independent Directors of your Company are available on your Company”s website viz.

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Assignment Point – Solution for Best Assignment Paper

The Board has extended the term of appointment upto 31st March,subject to your approval. Pursuant to the provisions of the Act and yltratech Listing Regulations, the Directors have carried out the annual performance evaluation of the Board, Independent Directors, Non-executive Directors, Executive Directors, Committees and the Chairman of the Board. The compliance report is provided in the Corporate Governance section of the Annual Report.

Of these, 97, options have been granted to eligible employees of Samruddhi in terms of the Scheme. It represents your Company in national and international cement and concrete conferences and seminars.

This is in recognition of her exemplary contribution in reprt area of social work. Towards this end, your Company has developed premium products that aid in limestone deposits and clinker conservation, energy savings, ensuring enhanced concrete durability and maintaining top product attributes and functionality.

Clearly defined roles and responsibilities have been institutionalised.

Annual Report of Ultratech Cement Limited – Assignment Point

The observation made in the Auditor”s Report are ulrratech and therefore, do not call for any further comments under Section 3 f of the Act. Puranmalka, Non-Executive Director and Mr. Details of Loan, Guarantee and Investment covered under the provisions of Section of the Act read with the Reportt Meetings of Board and its Powers Rules, are given in the Notes to the standalone financial statements.

Your Directors express their deep sense of gratitude to the banks, financial institutions, stakeholders, business associates, Central and State Governments for their co-operation and support and look forward to their annuap support in future. It is supported by state-of-the-art equipment set in a one-of-a-kind brand new technology-led environment and seeks advances in products, processes and applications in your Company’s products mineralogy, clinkerisation and concrete.

The State Government has notified the new policy related to transfer of new mining lease, based on which your Company has requested the Government to consider reinstatement of the mines in its favour. During the year under review, all recommendations made by the Audit Committee were accepted by the Board.

To mitigate the impact of rising fuel prices, your Company was engaged in a cost control program leading to the following efficiencies:. This, together with some delay in materialisation of new capacities resulted in the industry posting healthy growth. The Safety excellence journey is a continuing process at your Company. These efforts have further strengthened your Company’s commitment towards sustainability in terms of responsible utilisation of non-renewable resources, continuous productivity improvement and energy conservation while ensuring highest customer satisfaction.

The Competition Commission of India has also approved the transaction. Get instant notifications from Economic Times Allow Not now You can switch off notifications anytime using browser settings.

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Your Company continues to maximize the use of industrial by-products slag, fly ash, waste gypsum and alternative fuels petcoke, solid and liquid chemical wastes while maintaining high quality product attributes and functionality.

Towards this end, your Company has developed premium products that aid in limestone deposits and clinker conservation, energy savings, ensuring enhanced concrete durability and maintaining top product attributes and functionality. To mitigate the impact of rising fuel prices, your Company was engaged in a cost control program leading to the following efficiencies: Puranmalka was appointed as an Additional Director with effect from 16 January, to hold office till the conclusion of the ensuing Annual General Meeting.

With your Company’s current projects underway, the capacity in India will grow to Your Company also commissioned a cement grinding facility of 1. Your Company has filed a writ petition against the order before the Hon”ble High Court of Chhattisgarh at Bilaspur and obtained an ultrarech stay. Puranmalka, Managing Director and Mr.

Damodaran was appointed Additional Director on the Board of your Company with effect from 16th April, Your Company feels this is critical to enable it retain its competitive edge. Your Company spent over Rs, 1, crores on various capital expenditure during the year. During the financial year, your Company entered into related party transactions which were on arm”s length basis and in the ordinary course of business.

Another cement grinding facility of. Being eligible, they offer themselves for re-appointment as cemenh of your Company. Cemeng Committee comprises of majority of independent directors with Mr Mathur being the Chairman.

Any Member, who is interested in obtaining these particulars, may write to the Company Secretary at the Registered Office of your Company. The details of contracts and arrangement with related parties of your Company for the financial year ended 31st March, is given in Note 41 to the financial statements of your Company. Nonetheless, the Government’s focus on inclusive growth and infrastructure together with enhanced capital allocation towards infrastructure in the 12th Five year plan augurs well for the industry.

This state-of-the-art manufacturing facility has been built with best in class safety standards. Your Company’s net turnover stood at Rs.