Grasim announces financial performance for the 2nd quarter ended 30th September, 2013 Consolidated Financial Performance: Grasim Industries Limited, an Aditya Birla Group Company, has reported Revenue of ` 6,849 crore and Net Profit of ...
India s Jaiprakash Associates is to sell its cement plant in Gujarat state to UltraTech Cement in a deal worth around $594m (INR:38bn) including debt. The companies told Bahrain's Gulf Daily News that UltraTech, India s largest cement ...
Tags: Cement, Construction
Good rains that are likely to remain strong for the rest of the monsoon are set to keep cement demand under pressure in the ongoing July-September quarter. While demand for cement between May-end and June was supported by pre-monsoon ...
Tags: Cement, Construction
Eleven cement companies will be forced to make a provision of Rs 669 crore in the June quarter for the Rs 6,698-crore penalty levied on them by the Competition Commission of India. In the cement price cartelisation case, the Supreme Court ...
Tags: Cement, Construction, Decoration
UltraTech Cement, one of India s largest cement producers, made 3.33Mt of cement in February 2013. Its cement dispatches stood at 3.31Mt for the same month. Meanwhile, Shree Cement has reported that its production stood at 98,300t for ...
Tags: UltraTech Cement, cement, company news
India’s fast-growing cement industry can reduce its carbon emissions by nearly half by the middle of the century, according to a technology roadmap issued today by the International Energy Agency (IEA) and the World Business Council ...
Tags: IEA, WBCSD, Indian Cement Industry
On BSE, 7,509 shares were traded in the counter as against average daily volume of 12,016 shares in the past one quarter. The stock hit a high of Rs 1,906.80 and a low of Rs 1,845.95 so far during the day. The stock had hit a record ...
Tags: Ultratech Cement, daily volume, company news
August 13,2012--India's cement industry is one of the largest in the world.In-line with the country's economic growth,the cement industry is witnessing boom.Growth in cement industry in India is backed by strong demand from retail,housing ...
Business Line reported that Ambuja Cement, a Holcim Group company, has discontinued providing monthly production and sales updates citing provision in new accounting norms. Its group company ACC has also not provided the update for ...
Tags: Ambuja Cement, monthly production, accounting norms, company news
Pakistan's largest cement maker and exporter Lucky Cement Ltd has evinced interest in setting up a manufacturing plant in India in the first such overture since New Delhi allowed foreign direct investment (FDI) from its western neighbour ...
Tags: cement maker, Lucky Cement, economic ties
Dalmia Bharat Enterprises Limited has acquired Adhunik Cement Limited for R560 Cr through its subsidiary-Dalmia Cement Bharat Limited.According to BSE filings,the acquisition and consideration shall be made in multiple tranches.This ...
Tags: Adhunik Cement, Shriram Group companies, divestment mode
India s largest cement maker, UltraTech Cement, has sought Government assistance for the cement industry to help it come out of the challenging times posed by soaring operational cost and slowing demand. Kumar Mangalam Birla, Chairman, ...
Tags: market view, cement
"I believe the short-term prospects for the industry appear bearish. Regardless, over the medium to long term, the sector offers good growth potential, " Kumar Mangalam Birla said in a statement released after the company s annual ...
Tags: market view, cement
Three of the four top cement players that have so far reported results for the March 2012 quarter, have recorded higher operating profit margins year-on-year. Some have improved it sequentially, too, helped by higher realisations. At Rs ...
Tags: market view, cement
Cement prices have moved up in the last three months. This has come as a relief for firms that have suffered from falling prices due to oversupply for the last six quarters. Production discipline by manufacturers, coupled with a demand ...
Tags: cement