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Have rates reached the bottom for 2005

It is certainly a bit early to be too enthusiastic but the gains recorded this week on the Cape market show that we have perhaps touched the bottom for this year. With China still rejecting the p...
News - 29 June 2005

Mysore Cement funds

In Calcutta, India, The Mysore Cement board today agreed to raise a maximum of Rs20 crore by way of equity or other instruments to bolster the company’s finances. It will now seek the shareholders...
News - 23 June 2005

Cement prices likely to firm up in North India

The widening demand-supply gap is likely to result in a 4.5-5% increase in cement prices in North India this year, HDFC Securities has said in a report. The report titled ’Regional Cement Play foc...
News - 21 June 2005

ACC in expansion mode

India’s ACC has chalked out a capex plan of close to Rs 500 crore for the current fiscal, which would involve large-scale expansion in its grinding capacity.  The cement major, in which Holcim has...
News - 17 June 2005

Cement prices stable for now

Cement prices in India are expected to be stable following the arrival of monsoon. The increase in production and despatches will be countered by the onset of the monsoon, which will prevent any f...
News - 10 June 2005

Government to move BRPSE to bail out CCI

The Ministry of Heavy Industries, Government of India, proposes to move the Board for Reconstruction of Public Sector Enterprises (BRPSE) to seek Rs886-crore loan-cum-interest waiver for Cement Co...
News - 09 June 2005

Cement prices seen stable for now, India

Cement prices are expected to remain subdued with the imminent onset of monsoon. Though many manufacturers have reported a jump in production and despatches for May, sector analysts are of the vie...
News - 08 June 2005

Larsen wins $19m Oman contract

Larsen & Toubro, India,, said Monday it received an order worth $19m from Oman Cement Co to build a cement grinding plant at Rusayl in Oman.  Larsen said that it plans to commission the cement plan...
News - 06 June 2005

Higher May shipments in India

Associated Cement Companies has improved cement despatches by 8.3 per cent to 1.524Mt in May 2005 as against 1.407Mt in May 2004. Production improved by 12 per cent to 1.565Mt for the month under r...
News - 06 June 2005

BSP to forge JV for cement

Bokaro Steel, India, has decided to forge 50:50 joint ventures for setting up cement and power plants here at a total investment of Rs 2,800 crore. The company, the first among SAIL plants to foray...
News - 06 June 2005