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Grasim Industries sees challenging 2Q, India

Grasim Industries Limited, an Aditya Birla Group Company, today announced its results for the second quarter ended 30th September 2010. It was a challenging quarter for the cement sector marked ...
News - 28 October 2010

Builders protest over cement price rise, Tamil Nadu imports

Protesting against the unprecedented 100% hike in the price of cement in the last one month, builders across the state have decided to stage a one-day strike on Thursday and take out a rally f...
News - 28 October 2010

UltraTech announces second-quarter results

UltraTech’s performance for the second quarter reflects the first financial results post the amalgamation of Samruddhi Cement Limited with the Company. The results include the performance of Samru...
News - 27 October 2010

Birla Corporation net profit down, India

Birla Corporation Limited, the flagship company of the MP Birla Group, posted profit (after tax) of INR68.97 crore in the second quarter of financial year 2010-11, against INR152.05 crore in the c...
News - 27 October 2010

Morgan Stanley raises Ambuja Cements target price, India

Morgan Stanley has increased the target price of India-based Ambuja Cements. The financial institution has raised the target price of the company to INR161 from INR127. The brokerage sai...
News - 26 October 2010

UltraTech Cement readies expansion, India

India’s largest cement maker, has kick-started the next round of its capacity expansion which is likely to cost INR5000 crore, immediately after execution of its earlier plan of adding nearly 20Mt...
News - 26 October 2010

India’s Binani posts second-quarter fall

India’s Binani Industries on Friday reported a INR1.18 crore (US$265,000) profit for the quarter ended September 2010 on fall in cement prices amidst a prolonged monsoon. The company had recorded ...
News - 25 October 2010

Oman’s Raysut in acquisition talks

Raysut Cement Co is holding acquisition talks with several companies and expects to reach an agreement within a month, its chief financial officer said on Sunday. ’We have been exploring acquisit...
News - 25 October 2010

Sri Lanka new port attracts cement terminal investment

A new port being built in Sri Lanka’s southern Hambantota has drawn investment proposals from local and foreign businesses including an investment from India’s fifth largest cement maker, Madras C...
News - 25 October 2010

Sri Lanka: port prospects

A new port being built in Sri Lanka’s southern Hambantota has drawn investment proposals from local and foreign businesses. Madras Cements, India’s fifth largest cement maker and part of Chennai-...
News - 22 October 2010