Cement News tagged under: UltraTech Cement

RSS feed

UltraTech Cement to take control of Star Cement?

07 February 2012, Published under Cement News

UltraTech Cement is looking to purchase its partner’s stake in Star Cement to take full control of the Dubai-based cement producer, sources familiar with the deal have said, adding to the rumour mill that other UAE producers are ripe acquistion targets. "The group has an option to purchase the local partner's stake when they bought the majority control company from Dubai-based ETA Star Group," the Financial Express quoted a source as saying. However, OP Puranmalka, director of UltraTech,...

Indian companies post January rise

03 February 2012, Published under Cement News

UltraTech Cement, said shipments in January rose 11.2 per cent to 3.72Mt. Production increased 11.7 per cent to 3.78Mt the company, part of India's Aditya Birla Group, said in a statement. Meanwhile, Ambuja Cements, part of the Holcim Group, reported sales rose in January to 1.91Mt, up 3.8 per cent compared to the same month last year (1.84Mt). Production volumes also rose during the month to 1.9Mt compared to 1.84Mt  in January 2011.

Coal India cuts coal price due to cement opposition

01 February 2012, Published under Cement News

Coal India, rolled back on Tuesday an increase in prices under a new pricing policy due to opposition from cement and power sectors but will review the system after assessing its Jan-Mar quarter performance. Coal India decided this month to benchmark pricing for non-coking coal to gross calorific value (GCV) from the current useful heat value (UHV) based gradation. The move evoked protests from users in cement and steel sectors. When reporting its 3Q figures in mid-January, India’s lea...

UltraTech 3Q net profit rises 93% on improved demand

23 January 2012, Published under Cement News

India’s largest cement producer, UltraTech Cement, reported a 93 per cent rise in 3QFY12 net profit thanks to a double-digit rise in cement demand but energy costs continue to weigh on the company's margins. However, the company says it is on-track with its expansion programme, namely two clinker plants which will raise capacity by 92Mta in just over a year's time. The Aditya Birla Group company reported that net sales rose 23 per cent to INR4572 crores compared to INR3715 in the correspo...

India: caught in a down-cycle

06 December 2011, Published under Cement News

These are important times for the Indian cement sector as the country’s cement producers see cement sales dip and energy costs squeeze margins. New capacity projects are being delayed as the oversupply situation becomes more apparent and under the current circumstances the industry may have to wait longer than anticipated for a much needed upturn. An overview of key developments in the Indian cement sector ahead of the NCB’s 12th International Seminar on Cement and Building Materia...