Cement News tagged under: Reliance Cement Company

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Birla 2Q16 net profit more than doubles

24 November 2016, Published under Cement News

Birla Corporation have reported a net profit of INR584m (US$8.49m) for the quarter ended 30 September 2016 compared to INR232m for the same period last year. Total income declined 4.3 per cent to INR8.86bn in the July-September quarter from INR9.27bn in the previous year. Total expenses also fell, registering at INR8.43bn versus INR8.99bn in the corresponding quarter last year. In the same period, Birla Corp completed its acquisition of Reliance Infrastructure’s Reliance Cement Company...

India: petition fails to stop Birla Corp and Reliance deal

20 May 2016, Published under Cement News

Calcutta High Court justice Jyotirmoy Bhattacharya on Thursday dismissed petitions filed by a Birla faction seeking injunction in Birla Corporation's (Birla Corp) plan to buy Reliance Infrastructure's cement business for an enterprise value of INR4.8bn (US$711m). The Birlas sought an order to postpone the high profile cement deal entered between MP Birla Group's Birla Corporation and Anil Ambani-owned Reliance Infrastructure. Birla Corporation had on 4 February 2016 entered into an agreem...

Reliance Cement joins e-commerce world

04 September 2015, Published under Cement News

Reliance Cement Co Pvt, a subsidiary of Reliance Infrastructure, has announced its entry into e-commerce via a new "e-tailing" facility, which will be initially available in Uttar Pradesh, Madhya Pradesh and Maharashtra, India. The e-tailing facility is available for a minimum order of 25 bags and delivery to customer will take place within 48h. "With this, Reliance Cement has become one of the first e-commerce cement companies in India," said Atul Desai, chief marketing officer of the co...

Reliance acquires control of West Bengal grinding unit

23 May 2014, Published under Cement News

Reliance Cement has taken indirect control of a small grinding unit in West Bengal for an undisclosed price. The 0.5Mta facility is located at Durgapur, 180km from Kolkata. Reliance Cement, part of Anil Ambani’s Reliance’s Group, proposes to raise capacity of the Ma Chandi Durga Cement unit to 1Mta. For now, it is to be used as a contract manufacturing facility run by its founders, the Kedia family. Reliance has an irrevocable right to gain control of Ma Chandi Durga Cement whenever it ...

Reliance prepares to commission Madhya Pradesh plant, India

08 October 2013, Published under Cement News

Reliance Infrastructure is to commission its 5Mta cement plant in the central Indian state of Madhya Pradesh by the end of this month which will expand the company’s domestic reach. Reliance Infrastructure, whose main interests are the power distribution and infrastructure development businesses, set up its Reliance Cement subsidiary which would use the fly ash generated from its power unit to manufacture cement. "We are delighted to add the cement business to our portfolio of high growt...

India: Reliance Cement marketing campaign

10 January 2013, Published under Cement News

Reliance Cement, a 100% subsidiary of Reliance Infrastructure, is currently in the middle of a six-month  campaign to better promote its OOH cement brand that was initially launched in 2007. One creative of the campaign showcases a huge cement bag placed on the billboard. The bag is shown pouring cement on a person, making him look like a cement man. In another marketing banner, a huge moving crane attached to a motorised pulley is erected across a billboard, apparently pulling the cement b...

Reliance Cement launches into the Indian cement market

18 September 2012, Published under Cement News

Reliance Infrastructure Limited (RInfra), part of the Anil Ambani led Reliance Group, through its subsidiary Reliance Cement Company Private Limited (RCC), launched of its "Reliance Cement" brand on Monday. This marks the commercial entry of Reliance Group into the Indian cement market. "We are happy to announce the launch of Reliance Cement. It is a landmark event in the Indian cement industry. We will initially cater to the entire Vidharbha market focusing on districts like Nagpur, Wardha...