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Lafarge India may buy majority stake in local firmLafarge India Pvt Ltd may acquire a majority stake in Meghalaya-based Cement Manufacturing Company Ltd (CMCL), which sells cement under ’Star Cement’ brand. CMCL, which is a 70.48% subsidiary of ...News - 12 July 2011 |
Barathi introduces products to Sri Lankan marketBharathi Cement of India will be introducing their product line to Sri Lanka from next month. Metsteel (Pvt) Ltd Managing Director S Kanakaraja, speaking to a local newspaper, said initially they...News - 11 July 2011 |
India: June quarter expected to be a mixed bag for cement majorsThe volume-wise performance of the top three domestic cement players, namely ACC, Ambuja Cements and UltraTech Cement YoY for the April-June quarter is expected to be a mixed bag, says ICICI Secur...News - 08 July 2011 |
India: INR13bn of cement projects deferredThe ambitious expansion plans of cement manufacturers face deferral and some are running behind schedule. About INR13bn (US$293.2m) of projects have been deferred, while no new clinker capacities ...News - 08 July 2011 |
India: Kesoram expansion on holdKesoram Industries, the flagship of the Basant Kumar Birla group, has put its cement capacity expansion plan on hold because of excess capacity in the market. The company had decided to set up a ...News - 06 July 2011 |
India: Supreme Court allows Lafarge to mine in MeghalayaThe Supreme Court today allowed French cement giant Lafarge to mine limestone in the forests of the East Khasi hills in Meghalaya. A special forest bench headed by the Chief Justice S H Kap...News - 06 July 2011 |
India: Prism Cement to raise INR1bn via bondsPrism Cement plans to raise INR1bn (US$22.5m) via two-, three- and four-year bonds, a source with knowledge of the deal told Reuters on Tuesday. The company is looking to raise INR200m through t...News - 05 July 2011 |
India: ACC & Ambuja Cements: key input costs, freight charges play spoilsportThe stocks of the two leading cement players, Holcim-controlled ACC and Ambuja Cements, have sharply under-performed the broader market over the past three months. This is due to investors being i...News - 05 July 2011 |
India’s UltraTech Cement June shipments up 2%India’s largest cement producer, UltraTech Cement, said shipments in June rose an annual 2% to 3.22Mt. Production rose 1.9%to 3.21Mt, the company, which is part of India’s Aditya Birla Group, said ...News - 04 July 2011 |
Pakistan: Fauji Cement expansion takes capacity to 11,560tpdTo meet the future challenges and demand, Fauji Cement Company Limited (FCCL) has constructed the country’s biggest single-unit cement plant to enhance its cement capacity by almost 200 per cent. ...News - 04 July 2011 |