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India: growth may slip below 8% in JuneA slowdown in demand from key cement consuming sectors is likely to push the industry’s growth below eight per cent in June. Though the industry statistics will be released next week, the initial...News - 02 July 2010 |
Holcim’s ACC & Ambuja: mixed monthly resultsHolcim’s two Indian cement interests have reported mixed results for June. ACC Ltd, India’s No 2 producer, said on Thursday shipments in June fell 1.7 per cent from a year earlier to 1.78Mt. Pro...News - 02 July 2010 |
Kerosam Industries plans capex, IndiaKesoram Industries Ltd plans to invest INR11.25bn on capex in FY11, its chairman said on Thursday. "Considering the expected growth in demand for cement, we have decided to further expand the ...News - 01 July 2010 |
ACC sees marginal YoY rise in sales, IndiaIndian producer ACC Ltd expects a marginal year-on-year rise in its cement sales in August because of an improvement in transportation facilities, Managing Director Sumit Banerjee said Wednesday. ...News - 30 June 2010 |
HolcimTo help finance the 1.7m tonnes of annual capacity to be commissioned next year, Garadagh Cement is not paying a dividend in respect of last year. A single dry production line will replace four exi...Corporate - 30 June 2010 |
Prism Cement acquires remaining stake in MBFPrism Cement on Monday said it has acquired the remaining 50 per cent stake in Milano Bathroom Fittings for an undisclosed sum. "Post acquisition, Milano Bathroom Fittings (MBF) becomes a wholly-...News - 29 June 2010 |
India: Samruddhi Cement to list on exchanges todaySamruddhi Cement, a part of the restructuring process of the cement business at AV Birla Group, will list on exchanges today. It will be merged with Ultratech Cements in 4:7 ratio.News - 29 June 2010 |
Mangalam commissions wind turbines, IndiaMangalam Cement has commissioned six 1.25MW wind turbines (total capacity 7.5MW) at Jaisalmer. In March this year, the company had awarded INR39 crore worth of orders for the installation of the s...News - 29 June 2010 |
India: cement prices to fall 10% on lower demandIndian cement prices are expected to soften by 8-10% from Thursday across the country, the third successive fall since May, by companies struggling to cope with lower demand. According to deal...News - 28 June 2010 |
Investors wary as Karnataka suffers from manpower woesInvestments worth INR4trn, promised during a global investors’ meet (GIM) early this month, are expected to create nearly 800,000 jobs in Karnataka, but investors are worried the state doesn’t hav...News - 27 June 2010 |