UltraTech Cement Hit With ₹782.2 Crore GST Demand Notice; ‘Buy’ Calls Hold as UltraTech and Adani Cement Lead India’s Next Capacity Wave
New Delhi / Mumbai | December 22, 2025 — UltraTech Cement, India’s largest cement maker, is back in the spotlight on Monday after disclosing a Goods and Services Tax demand notice of ₹782.2 crore, a development that adds near-term regulatory noise to a sector already juggling a new cycle of cost cuts, capacity commissioning and regional consolidation. ETCFO.com+2Upstox - Online Stock and Share Trading+2
