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Larsen to sell stake in UltraTech CementIndia’s Larsen & Toubro Ltd. is likely to sell its 11.4% stake in UltraTech Cement Ltd Friday via a block deal, television channel CNBC-TV18 reported, citing unnamed sources. A.V. Birla Group is ...News - 05 June 2009 |
India’s ACC May cement shipments rise 1.1% YoYACC Ltd, India’s largest cement maker, said on Tuesday shipments in May rose 1.1 per cent from a year ago to 1.82Mt. The company, in which Holcim holds more than 46 per cent, said production rose...News - 03 June 2009 |
Binani Cement to raise funds for overseas expansionBinani Cement, part of the Braj Binani group, is looking for equity-linked fund raising options to fund its expansion abroad. The company, which currently has around 75% of its sales coming from ...News - 02 June 2009 |
India Aditya Birla May cement shipments up 19.5 per centIndia’s Aditya Birla Group said on Monday cement shipments in May rose 19.5 per cent from a year ago to 3.18Mt. Production rose 20 per cent to 3.24Mt, the company said in a statement. The group’...News - 02 June 2009 |
Cimpor: improving Egyptian, Brazilian and African profits make up for drop in SpainCimpor’s first quarter turnover improved by 3.5% to €481.6m, thanks to the initial consolidation of India and good growth in Egypt, Brazil, Africa and China more than making up for the reduction i...News - 28 May 2009 |
Cement Sustainability Initiative unveils CO2 reduction initiativesThe Cement Sustainability Initiative (CSI) unveiled its vision of a "sectoral approach" to tackling CO2. The project has built a system for monitoring, reporting and verifying CO2 and aims to sha...News - 21 May 2009 |
Grasim 4Q net profit down; sees pressure on marginsIndia’s Grasim Industries Ltd posted Tuesday a 42% decline in fiscal fourth-quarter unconsolidated net profit from a year earlier when it had a one-time gain. Profit in the three months ended Marc...News - 20 May 2009 |
India adds 8Mt of capacity in AprilCement companies have added nearly 8Mt capacity in April, taking the total installed level to 219Mt. According to the Cement Manufacturers’ Association, the UltraTech/Grasim combine led the way w...News - 19 May 2009 |
Oversupply in cement could squeeze margins in FY10Over-supply in cement in FY10 could depress prices and squeeze margins by 2-5 per cent, estimate research analysts. The cement industry will add 40-45Mt of capacity this financial year, increasing...News - 18 May 2009 |
ACC: demand for cement strongIndia’s single-largest cement maker by capacity, Thursday said local demand for cement is strong and the company’s expansion plans are on track. However, "demand generally comes under pressure wi...News - 15 May 2009 |