ACC, Ambuja see spurt in cement production in April
Leading cement producers ACC and Ambuja Cement reported the growth in cement production for the month of April 2012. ACC and Ambuja Cements reported the production at 2.17Mt and...
Acc
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ACC first-quarter hit by one-time depreciation charge
ACC Ltd Thursday said its January-March net profit fell sharply, hit by a one-time depreciation charge of INR3.35bn. ACC, a unit of Holcim Ltd, posted a net profit of INR1.52bn,...
Bihar cement prices rise as supplies fall, India
Cement prices in the Indian state of Bihar have risen by almost 50 per cent due to increased construction activity and the temporary shutdown of a nearby Prism Cement unit, the ...
Holcim
Holcim has strengthened its capital base by issuing 5m treasury shares at CHF59.25. The offer was over-subscribed and is raising CHF296m, or €2346m. This transaction has increas...
Indian majors report March gains
Three of India's leading cement producers, UltraTech Cement as well as Holcim interests, ACC and Ambuja Cement, all reported healthy gains in their respective March 2012 figures.
Jefferies starts India cement coverage
Jefferies has initiated coverage on the Indian cement industry with a buy rating on ACC, Grasim Industries, India Cements, UltraTech Cement, and hold rating on Ambuja Cements. "...
ACC and Ambuja optimistic on year ahead
Holcim’s Indian interests, ACC and Ambuja Cements both have an optimistic outlook for domestic cement demand this year, the Wall Street Journal reports. ACC said though economic...
ACC reports 8.8% rise in January dispatches
India’s No 2 producer, ACC Ltd, reported that dispatches in January increased by 8.78 per cent from a year earlier to 2.23Mt. The company, part of the Holcim group, said product...
UPCL to set up cement blending unit, India
Udupi Power Corporation Limited (UPCL) plans to establish a cement blending unit at its plant in Udupi district to overcome fly ash problem leading to environmental threat in th...
Fitch affirms ACC rating, India
Fitch Ratings has affirmed India-based ACC’s National Long-Term rating at 'Fitch AAA(ind)'. The outlook is Stable. The affirmation reflects ACC's pan-India presence with around ...