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India Cements’ MD Srinivasan increases stake in companyVice Chairman and MD of the Chennai-based India Cements, N Srinivasan has increased his stake in the company to 0.14% from 0.05% by shelling out INR18.9m (US$0.424m). Srinivasan has bought 280,0...News - 01 July 2011 |
India: cement overcapacity worries Birla CorpBirla Corporation is worried over pressure on margins following huge overcapacity of cement owing to lack of demand. The company’s cement manufacturing capacity is around 7.5Mta and production has...News - 30 June 2011 |
Pakistan cement exports declinePakistan exported 861,500t of cement and earned US$40.440m in May 2011 compared to 933,709t at US$39.798m in April 2011. This reflects a decline of 7.73 per cent in terms of quantity but an increa...News - 29 June 2011 |
UltraTech Cement plans grinding unit in Tuticorin, IndiaUltraTech Cement, part of Aditya Birla group, plans to set up a cement grinding unit in Tuticorin in southern Tamil Nadu. "We are at an exploratory stage for the grinding unit," OP Puranmalka, Gr...News - 28 June 2011 |
Vinsri buys 5.43% stake in Bheema Cement, IndiaVinsri Cement Industries Private Ltd has acquired 5.43 per cent stake in Bheema Cements Ltd. The promoters of the Hyderabad-based company, Mr SRB Ramesh and Mr S Kishore, had transferred 14,37,352...News - 28 June 2011 |
Gujarat limestone supply deals to be signed, IndiaState-promoted mineral major Gujarat Mineral Development Corporation (GMDC) has cleared the way for limestone supply to some of the cement projects signed during the Vibrant Gujarat Summit. Comp...News - 27 June 2011 |
Gujarat cement prices fall, IndiaCement prices in Gujarat have dropped by up to INR100 per bag (35%) from the peak on account of poor demand (particularly from the housing segment) coupled with intense competition, according to a...News - 22 June 2011 |
JK Cement signs cricketer as brand endorser, IndiaJK Cement has for the first time, brought on board a celebrity endorser for its various products. Cricketer Virender Sehwag has been signed for a two-year period. Nitish Chopra, brand manager, JK...News - 22 June 2011 |
Birla: overcapacity to persist in current fiscal, IndiaThe Indian cement industry is set to continue being impacted by increasing volume additions and higher input costs, according to Harsh Lodha, chairman of the Birla Corp. In a meeting with shareho...News - 20 June 2011 |
India: May demand remains sluggishCement demand in India remained sluggish in May 2011 due to slowdown in infrastructure and real estate sectors. However, cement major ACC reported a 14% increase in sales for May 2011, mainly due ...News - 15 June 2011 |