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India: Cement cos’ valuations scale new heightsWith cement prices reaching new heights, valuations of cement companies have scaled new peaks on the bourses. While large profitable companies such as Associated Cement Companies (ACC), Gujarat Am...News - 07 September 2005 |
Holcim cements financial ties with Ambuja cementWith its own shareholding in Ambuja Cement Eastern (ACEL) well past the controlling 50 per cent mark, Swiss cement maker Holcim has for the first time consolidated the financials of its Indian sub...News - 06 September 2005 |
Italian Italcementi Mulls Asia Expansion - ChairmanItalian cement producer and distributor Italcementi is studying expansion in Asia, the company’s chairman Giampiero Pesenti said. Italcementi’s expansion target for Asia includes acquisition of...News - 05 September 2005 |
Shiva Cement gets nod for debt revamp planThe Rourkela-based Shiva Cement Ltd has received in-principle approval for its debt restructuring plan from its consortium leader, IFCI Ltd. The other lenders ICICI Bank, Bank of India, Bank of Ba...News - 05 September 2005 |
Lafarge India shuffles top deck after entry of new CEOLafarge India has embarked on a top-level management reshuffle, close on the heels of Uday Khanna taking over as its new CEO. Shivesh Sinha, the company’s CFO till recently, has been promoted to t...News - 02 September 2005 |
Gujarat August cement shipments rise 12%, IndiaGujarat Ambuja Cements Ltd, India’s third-biggest cement maker, said its August shipments rose 12 per cent on year to 981,000t. Ambuja’s cement production in the same period totalled 983,000t, up ...News - 02 September 2005 |
India Gujarat Ambuja to sign loanOne of India’s leading cement makers Gujarat Ambuja Cements Ltd said it will next week sign a three-year loan for $100m to partly refinance an earlier loan. "The new loan will partly replace our e...News - 25 August 2005 |
South fuels cement boomIt is the southern states of India that are fuelling the sharp improvement in the fortunes of the cement industry in the first five months of the current fiscal. The southern region witnessed an o...News - 25 August 2005 |
Andhra Cem in talks to place 15 per cent stake, IndiaGouri Prasad Goenka is in advanced stage of discussions for a private placement of close to 15 per cent stake in Andhra Cements. Goenka confirmed that talks were on but said nothing was finalised ...News - 23 August 2005 |
Bangur name to adorn cement brand, IndiaAfter cement sold under the Birla name, it is time for the Bangurs to put their name on their own cement as well. The BG-HM Bangur group is planning to make inroads into the high end cement mart wi...News - 19 August 2005 |