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Freight cost erodes India Cements netThe December quarter results of India Cements Ltd disappointed the street, as freight costs eroded its profits. The firm’s net profit fell by 49% to Rs34.8 crore, compared with the year-ago period...News - 27 January 2010 |
Grasim: Cement consolidation plan holds keyGrasim’s results for the December 2009 quarter were broadly better than analysts forecast on a standalone basis, with its operating profit margin improving 1,330 basis points YoY to 33.1% while it...News - 25 January 2010 |
Fitch: outlook for Indian cement industryFitch Ratings has today said, in a just published Special Report, that it expects the 2010 outlook for the Indian cement sector to be Stable to Negative as overcapacity risks loom large in the wak...News - 22 January 2010 |
Shree Cement: 3Q sales up 35 per centIndia’s Shree Cement Ltd Thursday posted a 35% rise in its fiscal third-quarter, and said that the growth was helped by higher cement prices and lower fuel costs. The cement manufacturer reported...News - 21 January 2010 |
Binani Cement looks to Africa for growthBinani Industries is placing its bets firmly on the emerging African continent as the next growth area as demand for cement remains subdued in Dubai. The company had recently ramped up cement pro...News - 19 January 2010 |
India’s Jaiprakash 3Q net falls but sees strong growthJaiprakash Associates reported a 39 per cent fall in quarterly profit on one-time employee cost, but sales more than doubled and it forecast strong growth for the full year. Jaiprakash is...News - 19 January 2010 |
UltraTech Cement Q3 net dips 17 per centUltraTech Cement on Saturday said its net profit declined by 17.64 per cent to Rs 196 crore for the quarter ended December 31, 2009, over the same period last year. Net sales rose to Rs 1,652 cro...News - 18 January 2010 |
Cement prices up in Uttar Pradesh, IndiaCement manufacturers have hiked prices of the commodity by 10 rupees per 50kg in Uttar Pradesh from Tuesday, dealers and stockists told NewsWire18 today. In Delhi, prices of the commodity have be...News - 18 January 2010 |
India’s cement dispatches see double-digit growthThe Indian cement industry has returned to double-digit growth on the back of rising demand, as peak consumption season sets in. The despatches in December were the largest so far in the current ...News - 18 January 2010 |
Dalmia Cement in talks to raise funds for expansion, IndiaIndian cement producer, Dalmia Cement (Bharat) Ltd is in talks to raise INR12bn to fund its expansion, The Economic Times reported Monday, citing an unnamed source. Dalmia Cement, which plans to...News - 18 January 2010 |