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India: Jaypee Cement requests coal re-allocationJaypee Cement has requested that the central government allocate the two captive coal blocks won in auction to other firms in need of fuel. Jaypee Cement wished to surrender the two blocks in Maha...News - 25 November 2016 |
India: 32 manufacturers to sell at INR230/bagTelangana State Housing Corp has signed a MoU with 32 cement manufacturers this week. As per the MoU, the companies will supply cement at a price of INR230/bag (US$3.35/bag) for the next three yea...News - 25 November 2016 |
Pakistan: cement industry export revenue falls in 4MFY16-17Pakistan cement manufacturers earned revenues of US$28.3m on 543,674t of cement exports in October 2016, compared to US$24.52m on 476,170t of exports in the previous month. These figures represent...News - 24 November 2016 |
Birla 2Q16 net profit more than doublesBirla Corporation have reported a net profit of INR584m (US$8.49m) for the quarter ended 30 September 2016 compared to INR232m for the same period last year. Total income declined 4.3 per cent ...News - 24 November 2016 |
India: COMPAT stays UltraTech’s CCI penaltyThe Competition Appellate Tribunal (COMPAT) has granted a stay on an order passed by the Competition Commmission of India (CCI) against UltraTech Cement on deposit of 10 per cent of the penalty am...News - 23 November 2016 |
India Cements profit up 62%For the quarter ended 30 September 2016, India Cements Ltd (ICL) reported a 62 per cent increase in standalone net profit to INR624m (US$9.17m) compared to 38.5 in the same period last year. Total...News - 21 November 2016 |
LafargeHolcim adjusts medium-term targetsLafargeHolcim has adjusted its medium-term group targets, according to the group’s 2016 Capital Markets Day statement. In the last 12 months, the company reached net sales of CHF27.8bn and sold ...News - 18 November 2016 |
India: LafargeHolcim increases stake in Ambuja and ACCLafargeHolcim has increased its shareholding in Ambuja Cement through the purchase of an additional 39.1m shares, increasing the Franco-Swiss firm’s stake by 1.49 per cent to 63.1 per cent. Laf...News - 16 November 2016 |
India: Dalmia Cement commits to 100% renewable powerDalmia Cement Ltd is the first cement company in India to join RE100, a global collaborative initiative of the world’s most influential companies committed to running their operations with 100 per...News - 14 November 2016 |
India: Orient Cement posts US$4.4m Q3 lossOrient Cement has recorded a loss of INR294m (US$4.4m) for the quarter to the end of September 2016, CNBC’s Money Control reports. The loss stands in contrast to the same period last year, in w...News - 10 November 2016 |