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Markets tending to firm up once again

Tension mounted last week between iron ore suppliers, particularly Australia, and their main client, China, which does not help to clear the view about which direction the market could take for th...
News - 30 March 2006

Holcim open offer for Guj Ambuja rescheduled, India

Holcim’s open offer, to acquire 20 per cent stake from the shareholders of Gujarat Ambuja Cements (GACL), has been rescheduled for later this week. The offer, at Rs 90.64 per share, was delayed fo...
News - 29 March 2006

Jaypee, Shree and Birla cement in race to form JV with Sail

Three private Indian cement manufacturers -- Jaypee Cement, Shree Cement and Birla Cement — are reportedly in the race to form a joint venture with state-owned Steel Authority of India Limited  to...
News - 27 March 2006

CCI employees to agitate for revival of unit

Workers and employees of the closed Cement Corporation of India’s (CCI) Adilabad plant have threatened to launch agitations, including a fast unto death, as the unit has not been considered for re...
News - 27 March 2006

Germany’s HeidelbergCement eyes more India buyouts

HeidelbergCement is in talks with cement makers in south and central India for buyouts and joint ventures at valuations of between US$80 and US$120 per tonne of capacity, a senior official said on...
News - 23 March 2006

JP Morgan investing in Andhra Cements

Global finance major JP Morgan is investing Rs 73 crore by way of debt and equity in Andhra Cements Ltd.   The size of the equity has been pegged at Rs 24 crore and it would be invested through on...
News - 22 March 2006

HeidelbergCement enters India

HeidelbergCement has concluded a 50:50 joint venture agreement in India, consisting of the grinding plant of Indorama Cement Ltd, owned by the Indorama S P Lohia Group, and located in Mumbai (Bo...
News - 22 March 2006

Mysore Cements: Holcim link?

Shares in loss-making company Mysore Cements Ltd, India, have shot up by 60 per cent since February 20 on the buzz that the company was finally coming out of difficult times, thanks to the recent ...
News - 21 March 2006

Promising results from India Cement

The largest cement company in south India, India Cements with a group capacity of 8.8Mt, has posted strong numbers after a long time. For the first time since FY01, the company is set to make prof...
News - 20 March 2006

Govt keeping close watch on cement price rise

The Indian government yesterday said it would look into reasons for recent abnormal rise in cement price and would not hesitate to intervene to bring down price level. "We are concerned at the pri...
News - 20 March 2006