Life Insurance Corp trims stake in ACC, India
State-run Life Insurance Corporation (LIC) has sold 2.68 per cent stake in cement maker ACC for INR187.75 crore through open market operations. LIC had 10.51% stake (or 18.77 cr...
Acc
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ACC reports 26 per cent net profit rise
ACC of India reported a rise of 26.33% in consolidated net profit to INR4.15bn for the quarter ended June 30, 2012 as compared to INR3.28bn in the same period last year. Total c...
India first quarter market expectations
Indian cement companies are expected to post higher net profits and sales in the first quarter of the current fiscal (April-June FY13) thanks to improved prices and higher deman...
ACC seen posting 12 per cent rise in 1QFY13 net profit
ACC is likely to post a 12 per cent YoY rise in net profit at INR3.78bn for the first quarter of the current fiscal (FY12-13), according to the average of 22 brokerages' estimat...
Holcim: June '12
Holcim's two main Indian subsidiaries, Ambuja Cements and ACC Limited, have been fined at total of approximately EUR325m, or INR2301 crores, by the Honourable Competition Commis...
Holcim Indian cement interests see modest YoY gains
Holcim’s Indian cement companies, ACC and Ambuja Cements have reported modest rises in June shipments and production in June.
Holcim to contest Indian price fixing fine
Holcim has said will defend the position of its two Indian units on the penalties imposed by the Competition Commission of India (CCI) for price fixing. Yesterday, the CCI annou...
Indian producers issued with record fine on price fixing
Eleven Indian cement producers have been issued a total fine of INR60bn (US$1.1bn) for price fixing, the highest ever fine issued by the country’s antitrust authority in its thr...
High Court stops cement firms from making cement under ACC trade mark
The Delhi High Court has restrained three cement companies based in Uttar Pradesh and Punjab from producing or selling their product under the trade mark of leading cement manuf...
Credit Suisse maintains negative outlook for large Indian cement companies
Credit Suisse maintains negative outlook for large-cap cement stocks, due to expensive valuations and low growth prospects, the Economic Times of India reports. Cement prices in...