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Bring down excise duty on cement to 6%: BinaniVinod Juneja, Deputy Managing Director, Binani Group has observed that despite the growth of the Indian cement industry, India’s per capita production of 115kg per year lags way behind the world a...News - 13 February 2008 |
Indian cement industry reports moderate quarterly growthDuring the December 2007 quarter, the Indian cement sector reported a moderate growth in sales and profits over the robust growth seen during the corresponding quarter of the previous year, accord...News - 12 February 2008 |
India budget countdown: cement makers may get excise duty reliefThe Indian budget may bring cement manufacturers much awaited relief in the form of a 35% abatement on excise duty and waiver of import duty on coal and petcoke. If the cement makers were to pass...News - 11 February 2008 |
India Cements to build up shipping fleetIndia Cements is pressing ahead with ambitious plans to make it big in the country’s growing dry-bulk shipping business five years after pulling out of shipowning. The company says it wants to...News - 11 February 2008 |
Cimpor to invest EUR600m by 2012 to boost production capacityCimpor plans to invest EUR600m by 2012 to hike its production capacity to about 33.5-36Mta from 28.5Mta currently, Diario Economico reported, citing an official source at the company. The pap...News - 11 February 2008 |
Binani to book 300,000t Apr-Jun S.Africa coal next weekIndia’s Binani Cement Ltd will next week award a recent tender to buy 300,000t of South African coal for delivery in April-June, Indian traders said. Binani has been out of the spot market for...News - 08 February 2008 |
Cement prices up INR5 per bag, IndiaCement prices have shot up by INR5 per 50kg bag in Maharashtra and Mumbai on account of pressure on margins faced by manufacturers. Companies including Grasim, Ultratech, ACC, Ambuja J K Laksh...News - 08 February 2008 |
India’s cement demand seen growing 10 per cent in fiscal 2008, 2009Fitch Ratings said it expects India’s demand for cement will grow 10 per cent in fiscal years 2008 and 2009 due to increasing infrastructure spending, real estate development and corporate capital...News - 07 February 2008 |
Cement firms to appeal against MRTPC order, IndiaA majority of the 44 cement companies recently accused of cartelisation by the Monopolies and Restrictive Trade Practices Commission (MRTPC) are in the process of filing an appeal against the comm...News - 06 February 2008 |
Indian companies’ margins under pressureConstruction activity has hit rough weather especially in the north of India, taking its toll on cement demand, according to local press report. Even as cement makers are struggling to cope with ...News - 06 February 2008 |