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HolcimACC Limited, one of Holcim's two main subsidiaries in India, generated a first quarter turnover 3.5% ahead at INR2,240.38 crore (€380.0m) with cement deliveries being 2.6% lower at 5.58m tonnes. Th...Corporate - 30 April 2010 |
Cemex eyes India marketCemex is looking to enter the massive Indian cement market as it recovers from last year’s debt crisis and aims to sell off more assets to cut its arrears, the company said on Thursday. The Time...News - 30 April 2010 |
Rising input costs dent mid-cap cement firms quarter, IndiaRising input costs are expected to dent the bottomlines of Indian mid-cap cement firms during the Jan-March quarter, despite part of the hike being passed on to consumers, industry watchers said. ...News - 30 April 2010 |
UltraTech buys 51% stake in ETA Star Cement, DubaiAditya Birla Group’s cement arm, UltraTech Cement, has announced the acquisition of Dubai-based ETA Star Cement Company, a move that will give the group entry into markets like the UAE, Bahrain, B...News - 30 April 2010 |
Reliance ADAG plans 5.5Mta plant, IndiaReliance Anil Dhirubhai Ambani Group (ADAG) is planning to set up a 5.5Mta cement plant in Karnataka, India with an investment of INR1500 crore. “The company has shown interest to build the cement...News - 29 April 2010 |
Ultratech 4Q net profit drops, IndiaUltraTech Cement, an Aditya Birla group company, has reported a 26 per cent drop in net profit at Rs 229 crore (Rs 309 crore) in the fourth quarter ended March 31. This is largely due to lower sal...News - 29 April 2010 |
Cemex in talks for Penna stake, IndiaCemex is in talks to buy a stake in south India-based Penna Cement, the Times of India reported on Wednesday. The company has reportedly initiated dialogue with the Hyderabad-based Penna, the news...News - 28 April 2010 |
UltraTech plans to acquire 51% in Dubai-based producerThe Aditya Birla Group of India is set to acquire a 51 per cent stake in Dubai-based Star Cement LLC for an undisclosed sum, sources close to the move have said. Local press reported that the Ind...News - 28 April 2010 |
Holcim India firms: contrasting resultsIndia-based producers ACC Ltd and Ambuja Cements Ltd, both controlled by Holcim Ltd, released contrasting results on Thursday for the quarter ended 31 March. Profits at India’s largest cement mak...News - 26 April 2010 |
Jaypee Cement to increase production, IndiaThe Jaypee group plans to ramp up its cement capacity up to 55Mt by 2015, with an investment of around INR8,000 crore-INR10,000 crore. In addition, it also plans to expand its power capacity by 13...News - 26 April 2010 |