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Freight cost erodes India Cements net

The 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 key

Grasim’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 industry

Fitch 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 cent

India’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 growth

Binani 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 growth

Jaiprakash 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 cent

UltraTech 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, India

Cement 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 growth

The 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, India

Indian 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