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ACC second quarter net profit drops, India

ACC Ltd Thursday said second quarter consolidated net profit dropped 26% as sales fell and raw material costs rose. Net profit for the quarter ended June 30 declined to INR3.49 billion from INR4....
News - 23 July 2010

Jaiprakash Associates reports 1Q growth, India

Jaiprakash Associates Limited (JAL) has announced growth in its first quarter FY11 numbers primarily led by good performance in cement and engineering businesses. Total revenue for the first quar...
News - 23 July 2010

Ambuja Cement 2Q net up by 20.5%, India

Buoyed by increased sales, Ambuja cement today reported a 20.5 per cent increase in its net profit to INR391 crore for the quarter ended June 30, 2010. The company had reported a net profit of INR...
News - 22 July 2010

Emkay maintains ‘buy on Century Plyboards, India

Emkay has recommended ’Buy’ on Century Plyboards (India) with a price target of Rs 80 as against the market price (CMP) of Rs 62 in its report dated July 21, 2010. The broking house gave the fol...
News - 22 July 2010

CRISIL assigns grade 3/5 to OCL India

Credit rating agency, CRISIL Equities has assigned a CRISIL IER fundamental grade of `3/5` to OCL India (OCL). The grade indicates that the company`s fundamentals are good relative to other listed...
News - 22 July 2010

Shiva Cement awarded Certificate of Merit, India



Shiva Cement Ltd has announced that the company have received a "Certificate of Merit" awarded by ’Dalal Street Investment Journal’ for ranking among India’s top 400 small cap company in the yea...
News - 21 July 2010

Shree Cement plans to raise INR2B via bonds, India

Shree Cement Ltd plans to raise INR2bn through bonds, a person familiar with the matter said Tuesday.   The cement producer plans to sell five-year bonds paying a yield of 8.42% at par, the person...
News - 21 July 2010

Earnings outlook: ACC quarter net seen down

Lower net realisations and despatches in Apr-Jun are likely to pull India’s leading cement maker ACC Ltd’s net profit down 23% from a year ago to INR3 .72bn rupees, a NewsWire18 poll of 11 brokera...
News - 21 July 2010

Lower demand, prices to hurt Indian producers quartery profit

Three of India’s top four cement manufacturers will likely report a fall in April-June net profit, hurt by lower demand and a decline in product prices. Barring Ambuja Cements, which is projected...
News - 20 July 2010

Saudi construction activity seen robust in 2010

Heavy public spending will ally with a shortage in housing units to keep the momentum in Saudi Arabia’s construction sector this year despite a sharp slowdown in bank credit, the Gulf Kingdom’s la...
News - 19 July 2010