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Building boom in Gujarat boosts cement consumption

An unprecedented construction boom in Gujarat is expected to propel cement consumption to touch at least 14Mt in 2007-08 from current 12.5Mta. Cement companies are positive that the high per capit...
News - 09 May 2007

TNPL setting up mini cement plant

Tamil Nadu Newsprint and Papers Ltd of India plans to set up a mini cement plant using the waste products generated from its paper mill as a raw material. The company also plans to use the real e...
News - 09 May 2007

Binani Cement taps market, India

Binani Cement has entered the capital market with a public issue of 2.05 crore equity shares of Rs. 10 each. The issue is through an offer for sale by JP Morgan Special Situations (Mauritius) Limi...
News - 08 May 2007

Some relief in cement prices, India

Finance Minister P Chidambaram’s efforts to bring down cement prices have finally borne fruit as cement manufacturers have introduced cuts in prices.   Cement prices have come down by Rs 2-5 per 5...
News - 08 May 2007

India replaces tariff on cement

Indian Finance Minister P. Chidambaram on Thursday scrapped an additional excise tariff on cement sold at a retail price of more than INR190 a bag.   "For cement sold for more than INR190 per bag,...
News - 03 May 2007

Holcim nearly doubles first quarter net profit

The world’s biggest cement makers, on Thursday reported a 94 per cent increase in its first quarter net profit to 530 million Swiss francs (Euro 331m)), fuelled by the booming construction industr...
News - 03 May 2007

Climate change and India

India’s planners find themselves in a fix in the wake of the fourth assessment report of the UN intergovernmental panel on climate change. On the one hand, the economy is growing at a robust 9 per...
News - 03 May 2007

India: stop unloading cement in goods shed

Aundh Road-based Laboni Towers Co-operative Housing Society Ltd has threatened legal action if the Central Railways (CR) declined to stop unloading cement at the Khadki goods shed. A press com...
News - 02 May 2007

Binani Cement goes public

Binani Cement is entering the capital market with a public offer of 2.05 crore equity shares of Rs 10 each within the price band of Rs 75-85.   "The company is launching an IPO of about two cror...
News - 30 April 2007

Indian cement company performance

The March ’07 quarter was good for cement makers reports the Indian press. Large cement companies — ACC, Grasim, Gujarat Ambuja (now Ambuja Cement), Ultratech Cement and India Cement — built u...
News - 30 April 2007