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Two frontrunners emerge for Jayajothi Cements stake, IndiaCiti Venture Capital International (CVCI) and Blackstone have emerged as the two private equity (PE) investors shortlisted by the Shriram Group to purchase a stake in its Jayajothi Cements cement ...News - 25 February 2013 |
India’s COMPAT hears petitions on cartel rulingIndia’s Competition Appellate Tribunal (COMPAT) has begun hearing the petitions filed by cement firms on a US$1.1bn penalty imposed on them by the Competition Commission of India on grounds of car...News - 25 February 2013 |
Italcementi launches five-year bond, ItalyItalcementi, the fifth-largest cement producer in the world, has launched a five-year bond of EUR350m at an issue price of EUR99.477 and a coupon of 6.125 per cent, according to reports in La Stam...News - 25 February 2013 |
Zuari Cement recognised for marketing activitiesZuari Cement has won the 2012 Zee Business brand excellence award for Marketing Communications. This annual award is endorsed by the World Brand Congress & Asian Confederation of Businesses and...News - 25 February 2013 |
Lafarge improves operational performanceFull-year 2012 results published by global cement major Lafarge showed strong growth in emerging markets and improvements in operational performance, and it now expects to meet most of its cost-cu...News - 25 February 2013 |
Sanghi Industries 2QFY13 sales up 26%Sanghi Industries reported a 26 per cent rise in turnover for the second quarter of the year ended 31 December to INR286.3 crore. According to reports in the Business Standard of India, Sanghi C...News - 22 February 2013 |
Binani Industries plans to sell 40% stake in cement arm, IndiaBinani Industries in talks to sell up to a 40 per cent stake in its subsidiary Binani Cement to raise capital to cut debt and expand cement capacities. The company is said to be in talks with p...News - 21 February 2013 |
CMA calls for a reduction in excise duty, IndiaAhead of the government’s forthcoming Budget, the Cement Manufacturers Association of India has called for a reduction in the current excise duty on cement to bring it more in line with other core...News - 21 February 2013 |
HeidelbergCement India increases cement capacity to 6MtaHeidelbergCement confirmed yesterday that it has successfully completed the expansion of its clinker and cement grinding capacity in Central India. The plants are located in Damoh district (Narsi...News - 19 February 2013 |
India: JK Lakshmi hit by slower demand, higher costsJK Lakshmi has reported subdued performance for the third quarter of the current fiscal year due to high freight costs and flat growth in dispatches. Profits declined by 16 per cent to INR41 cr...News - 18 February 2013 |