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Dalmia Cement (Bharat) restructures operations

Dalmia Cement (Bharat) on Thursday said it would hive off its cement, power and refractory businesses to a new entity — Dalmia Bharat Enterprises (DBEL) – as part of its restructuring plan, to pur...
News - 19 March 2010

Rain Commodities hives off cement business

India-based Rain Commodities which produces cement, calcined petcoke and power, on Wednesday said it will hive off its cement operations to another subsidiary. The company’s board has approved "h...
News - 18 March 2010

HeidelbergCement - strong results in Asia and Africa

HeidelbergCement’s turnover declined 21.6% to €11,117m in 2009 while the EBITDA fell by 28.7% to €2102m and the trading profit was down by 38.7% to €1317.3m. Although net interest payments were 13...
News - 18 March 2010

Jaiprakash expects 40 per cent growth, India

Jaiprakash Associates expects its cement business to grow by about 40 per cent in 2010/11, Executive Chairman Manoj Gaur told news channel CNBC-TV18 on Wednesday. The engineering and construction...
News - 17 March 2010

Lafarge says it pledged tribal land, Bangladesh

Lafarge, whose mining activities for extracting limestone were stalled last month by the Supreme Court, has admitted that it mortgaged tribal land in Meghalaya to international banks to secure a l...
News - 16 March 2010

India prices set to rise

Cement prices across various markets in India are likely to go up by about INR20-25/bag before end of March. Currently, the retail price of a bag of cement is at INR275 in Mumbai, INR260-270 in K...
News - 15 March 2010

Dalmia Cement to consider restructuring, India

Dalmia Cement (Bharat) Ltd has announced that a meeting of the Board of Directors of the Company will be held on March 18, 2010, inter alia, to consider a restructuring proposal of the businesses ...
News - 15 March 2010

Dalmia decides on capacity additions, India

To supplement its manufacturing capacity at the upcoming cement plants in Madhya Pradesh, Himachal Pradesh and Meghalaya, Dalmia Cement, has decided to raise INR1200 crore to part financing its ex...
News - 12 March 2010

High eastern India demand lures producers

Lured by a higher demand in the country’s eastern region, leading cement players in India’s other parts such as ACC, Dalmia and Binani Cements are expanding their presence in West Bengal, Jharkhan...
News - 10 March 2010

Vicat reduces costs ahead of target

Vicat has further strengthened it already solid balance sheet with the gearing level falling from 34.7% at the end of 2008 to 31.4%, this time.  The net debt of 652.6m compares with total shareh...
News - 10 March 2010