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

UltraTech Cement Gets ₹782.2 Crore GST Demand Notice; Brokerages Stay Bullish as UltraTech and Adani Keep Outpacing India’s Cement Sector

UltraTech Cement Gets ₹782.2 Crore GST Demand Notice; Brokerages Stay Bullish as UltraTech and Adani Keep Outpacing India’s Cement Sector

UltraTech Cement is back in the spotlight on December 22, 2025—this time for a regulatory overhang rather than an earnings beat. India’s largest cement maker has disclosed a GST demand notice totalling ₹782.2 crore, saying it is reviewing the order and plans to contest it. ETCFO.com+2Business Standard+2

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