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Ultratech Cement shuts plants due to rains, India

Ultratech Cement Ltd said it has stopped operations at its 0.70Mta grinding unit at Surat in India’s flood-hit western Gujarat state.    "The company is assessing the losses, if any, as a result ...
News - 10 August 2006

Higher returns improve cement sector fortunes

With cement prices climbing higher, the balance sheet of leading Indian cement companies are looking healthier than ever before, reports The business Standard. The cement industry is hoping that t...
News - 09 August 2006

A steely resolve for the shipping sector

With steel markets still showing no signs of easing ­ and steel production in China alone likely to reach 424Mt by the  end of this year. Some analysts already forecast another rise in prices for ...
News - 08 August 2006

Cement gets a reality check from private equity investors

One of the biggest beneficiaries of the present real estate boom in India seems to be the cement sector. This has led to a huge interest from private equity players in the sector.    The sector, ...
News - 07 August 2006

JK Cement to invest INR7.5bn in new plant, India

JK Cement Ltd. will invest more than INR7.5bn to set up its fourth plant in the southern Indian state of Karnataka to increase marketshare in the region, a senior official said.     The company h...
News - 03 August 2006

JK Cement powers ahead

JK Cement Ltd, one of the leading cement players in India, has two plants at Nimbahera and Mangrol with an aggregate installed capacity of 4.0Mta and is one of the top five producers of grey cemen...
News - 01 August 2006

Grasim 1Q improvements, India

India’s Grasim Industries Ltd said Saturday its fiscal first-quarter consolidated net profit rose 47 per cent as its cement and viscose staple fiber business grew. The company’s net profit in the ...
News - 31 July 2006

Binani Cement to divest stake to Mauritius fund, India

In a notice to stock exchanges, Binani Industries said that it had decided to divest 10.09 per cent in its subsidiary Binani Cements to Ganesha Prime Holdings (Mauritius), a subsidiary of Credit S...
News - 31 July 2006

Heidelberg hungry for more in India?

Hot on the heels of its Mysore Cement acquisition, German major HeidelbergCement is now planning to further increase its presence in India, a senior executive recently said, according to reports f...
News - 28 July 2006

Madras Cements posts four-fold rise in net profit, India

Madras Cements Ltd has posted a net profit of Rs 78.85 crore for the quarter ended June 30, a 4.3 times jump over the Rs 18.06 crore reported in the corresponding period last year. Sales during th...
News - 28 July 2006