Notwithstanding this decline, Birla's salary was 202.9 times higher than the median remuneration paid to UltraTech employees in FY 2018-19, according to the company's latest annual report. Earlier, it was 387.9 times higher in FY 2016-17 and 375.2 times in FY 2017-18 respectively, against the median remuneration of UltraTech employees. "The median remuneration of employees of the company during the financial year was ₹7.65 lakh," said the annual report adding "in the financial year, there was an increase of 8.5% in the median remuneration of employees." For FY 2018-19, UltraTech net turnover on consolidated basis was at ₹36,775 crore and profit after tax was at ₹2,432 crore. The company has acquired Binani Cement, which has an installed capacity of 6.25 mtpa and renamed as UltraTech Nathdwara Cement in FY 2018-19.

Source: Mint July 21, 2019 09:22 UTC