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JP Morgan building stakes

Leading foreign private equity majors such as JP Morgan are interested in acquiring equity stakes in Indian cement companies. Foreign funds are reported to have evinced interest in domestic cement ...
News - 07 November 2005

NTPC may export fly ash to Middle East

India’s National Power Thermal Corporation (NTPC) is exploring the possibility of exporting fly ash to the Middle East, an official disclosed. The disposal of fly ash is one of the main problems f...
News - 07 November 2005

Activity levels down

In a market that lacks direction, the news coming from China is also playing on shipping players’ nerves. First the lobbying body of local steel makers, the CISA, announced that 48 producers "plan...
News - 07 November 2005

Activity levels down

In a market that lacks direction, the news coming from China is also playing on shipping players’ nerves. First the lobbying body of local steel makers, the CISA, announced that 48 producers "plan...
News - 03 November 2005

Indian cement firms raise prices in western region

India’s top cement makers have announced a price increase of 5 rupees per bag in Mumbai and neighbouring markets, dealers said on Wednesday.    "Companies have intimated to us a 5 rupees hike ...
News - 02 November 2005

OCL India: net profit climbs

In the first half of 2005-06, OCL net profit stood at Rs 22.19 lakh as against Rs 15.68 lakh while the turnover stood at Rs 320.26 crore as against Rs 265.59 crore during the same period last year,...
News - 01 November 2005

JP Morgan to take 25 per cent in Binani Cement

JP MORGAN will acquire 25 per cent stake in Binani Cement Ltd, India as part of a debt and equity arrangement worth Rs 250 crore.    The transaction will enable Binani Cement double its cement cap...
News - 28 October 2005

Market declines in evidence

More ships in the short term but more cargoes in the longer term. Rates have been dragged down this week by a list of prompt ships becoming longer than the number of stems to cover, particularly i...
News - 26 October 2005

UltraTech Cement posts profit in Q2

ULTRATECH Cement India has reported a net profit of Rs 8 lakh for the second quarter ended September 30. The company had reported a net loss of Rs 2.29 crore during the corresponding year-ago per...
News - 24 October 2005

Indian cement prices

Indian cement prices are expected to rise this quarter by Rs 5-7 per bag, owing to better demand in both domestic and overseas markets. The average price of cement in India now is around Rs 155-16...
News - 24 October 2005