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Govt inches closer to cement import, India

Nearly two months after it made public its intention to allow import of cement certified by international agencies, the government has set out to designate these agencies. The process is likely t...
News - 24 July 2007

And still the markets climb higher!

The market is fixated on mergers and acquisitions in the mining sector this month with this spectacular $38.1bn bid by Rio on Alcan, surpassing the previous $28.8bn made by Alcoa. The market is al...
News - 23 July 2007

Bangladeshi firms approved to sell cement in India

Two Bangladesh-based companies have received the approval from the Bureau of Indian Standards (BIS) for selling cement in Indian market.     Cement makers Aramik Cement of Dhaka and M I Cement Fa...
News - 23 July 2007

India Ultratech To Borrow INR17B Through FY09

India’s  Ultratech Cement Ltd  said it plans to borrow around INR17bn through March 31, 2009, to expand capacity and build a captive power plant.     "Of this, INR10bn will be borrowed in this fi...
News - 23 July 2007

Shree Cement April-June net profit up 29 per cent

India’s  Shree Cement Ltd. on Thursday posted a 29 per cent rise in April-June net profit on improved price realisation and sales, beating analyst expectations.     A company official said total ...
News - 20 July 2007

Cement firms to maintain growth rates

Cement companies in northern India saw good sales but static prices in April-June quarter, while those in southern and western parts saw sluggish volume growth but better prices, analysts said.   ...
News - 20 July 2007

India’s ACC says Q2 net profit falls 14 per cent

ACC Ltd, India’s second-largest cement producer, on Thursday reported a 14 per cent fall in the June quarter profit from a year ago, when its earnings had been boosted by one-time gains.     ACC,...
News - 19 July 2007

MSP group plans cement unit in north-east

MSP group is planning to set up a 1Mt cement unit in north-east India, according to its director Saket Agrawal. The total investment in the unit, which will include a manufacturing plant and a ca...
News - 19 July 2007

Government companies foil effort to ease cement prices

Indian Cement imports will be slow to rise even though the government has brought down the import duty to nil, due to the insistence of many government-owned companies on domestically supplied cem...
News - 16 July 2007

Qatar cement demand put at 20,000tpd

The Gulf Cement Company (GCC) said on 15 July that the demand for cement in the country was estimated at 20,000tpd. This meant that 60 per cent additional capacity needed to be built, the company’...
News - 16 July 2007