Cement News tagged under: Reliance Infrastructure Limited

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India: Birla sees Q4 profit rise to US$17m

09 May 2016, Published under Cement News

Birla Corporation has released its earnings figures for the three months to 31 March 2016, during which time the firm achieved a profit of INR1.16bn (US$17.4m), up fourfold on a year earlier, the Hindu reports. Revenue for the quarter rose by nine per cent to INR8.7bn (US$131m). Full-year earnings saw total income rise by two per cent to INR32.7bn (US$492m), while profits were down 10.3 per cent at INR1.57bn (US$24m). Chairman, H V Lodha, said that both the cement and jute divisions pe...

India: cement prices to hold up thanks to merger deals

06 April 2016, Published under Cement News

India's stock researcher Livemint is forecasting that mergers like that between JP Associates Ltd and UltraTech Cement Ltd and also Birla Corp Ltd and Reliance Infrastructure Ltd will rationalise ownership to support cement prices. Meanwhile, with government projects gaining traction in areas like state metros, highways, low-cost housing and dedicated freight corridors, besides irrigation and water supply, demand and consequently cement dispatches are likely to improve from the fourth quar...

Reliance Infrastructure second plant set for September commissioning

22 May 2013, Published under Cement News

Reliance Infrastructure is planning to commission its second cement plant by September this year. The new unit, which will have an annual capacity of 5Mt is being constructed in  Maihar, Madhya Pradesh. Speaking on the company's new plant and future expansion plans, Lalit Jalan, chief executive officer of Reliance Infrastructure, said: We plan to take our overall capacity to 20Mta and commission the second plant in Maihar, Madhya Pradesh, by September this year. The company’s vision is ...

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...