Search Results

Pakistan: cement import starts through ICP

The newly-opened Integrated Check Post (ICP) has received its first Pakistani cement imports from the road route, but traders continue to be unhappy over the high handling charges. Earlier, India ...
News - 23 April 2012

India: Udayapur Cement to shut for a month

One of the biggest cement factories in the country built with Japanese assistance has been closed for a month for ‘maintenance work’ at a time when the demand for construction materials has been w...
News - 23 April 2012

Ambuja Cements first quarter net profit declines, India

Ambuja Cements posted a 23.4% drop in its first quarter net profit at INR312.2 crore against INR407.5 crore in the corresponding quarter last year. The company's 1Q net sales saw a rise of 19% ...
News - 20 April 2012

ACC first-quarter hit by one-time depreciation charge

ACC Ltd Thursday said its January-March net profit fell sharply, hit by a one-time depreciation charge of INR3.35bn. ACC, a unit of Holcim Ltd, posted a net profit of INR1.52bn, down from INR3.50...
News - 19 April 2012

UltraTech in talks to buy Mozambique mine

Aditya Birla group's UltraTech Cement - India's largest cement maker, is in talks to acquire a large limestone mine in Mozambique for about INR1500 crore. According to reports in the Economic Tim...
News - 19 April 2012

Jaypee plans capacity hike, India

India’s Jaypee Group is aiming to increase cement capacity to around 50Mta over the next five years from 33.5Mt, the Economic Times of India reports. Shiva Dixit, vice president of Jaiprakash A...
News - 18 April 2012

UltraTech Cement appoints additional director, India

UltraTech Cement’s board of directors have appointed M Damodaran as an additional director (independent) with effect from 16 April 2012, the company said in a statement to the Bombay Stock Exchange.
News - 18 April 2012

Indian cement corporate announcements

UltraTech Cement has informed that the NJ Jhaveri has resigned from the board of the company with effect from 4 April, 2012, according to a filing to the Bombay Stock Exchange (BSE). Meanwhile, ...
News - 13 April 2012

India cartel ruling expected in 15 days

India’s Competition Commission said it will be at least 15 days before it issues its final report on an alleged cartel by 39 cement companies. "There will be 2-3 meetings of the members. So far...
News - 12 April 2012

Cartel ruling expected shortly, India

A ruling by the Competition Commission of India (CCI) on an alleged cartel by cement companies is expected imminently, with a negative verdict likely to negatively affect profits and pricing power...
News - 11 April 2012