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Aditya Birla May cement shipments up 0.8 per cent YoYIndia’s Aditya Birla Group said on Monday its cement shipments in May rose 0.8 per cent from a year earlier to 2.66Mt. Cement production grew an annual 2.5 per cent to 2.7Mt in May, it said in a s...News - 03 June 2008 |
India: Sat sets aside Sebi order against HolcimThe Securities Appellate Tribunal has set aside an order passed by the Securities and Exchange Board of India against Holcim (India) Pvt Ltd. The market regulator had imposed a fine of Rs25 crore ...News - 02 June 2008 |
India’s Ultratech buys S.Africa coal at $170/T CIF-sellerIndian cement maker Ultratech bought a parcel of South African coal ex-stocks at an Indian port for US$170/t CIF and is seeking more, the seller, an Indian trader, said. Ultratech and other Indian...News - 02 June 2008 |
Cement’s pressure pointsThe outlook for the Indian cement sector has taken a turn for the worse in recent months. Escalation in fuel and distribution costs and declining flexibility on selling price have taken a toll on ...News - 02 June 2008 |
‘Capacity additions may be delayed’Stocks of Indian cement companies have been southward bound on sedate numbers and concerns on regulatory intervention on prices. Will the sector also enter a surplus phase? Mr Sumit Banerjee, Mana...News - 02 June 2008 |
India’s MoF denies excise duty to cement firmsThe finance ministry in India has turned down a proposal from department of industrial policy and promotion (DIPP) to give 35 per cent abatement on excise duty to cement manufacturers. Had the min...News - 02 June 2008 |
Dalmia Cement to use high moisture coal to cut costsDalmia Cement, which has a strong presence in South India, is chalking out a new strategy to reduce its coal costs by making high moisture content coal usable for its cement manufacturing process....News - 02 June 2008 |
India: Niraj Cement’s IPO subscribed fullyThe IPO of Niraj Cement Structurals Limited has received total bids for 56.57 lac equity shares and was subscribed 1.74 times by 5.30pm on the closing day. The Company, an engineering and construc...News - 02 June 2008 |
Moody’s assigns a Baa1 rating to HolcimMoody’s Investors Service has today assigned a Baa1 issuer and senior unsecured long-term debt rating to Holcim Ltd and the guaranteed issuers under the European Medium Term Note Programme. The ...News - 30 May 2008 |
Indian government eases ban on cement exportsThe government of India has eased the ban on cement exports from the ports in Gujarat. Gujarat accounts for almost 90 per cent of the country’s cement exports. The Director-General of Foreign Tra...News - 28 May 2008 |