Indian cement producers to appeal CCI fines
LafargeHolcim, India Cements and Ramco Cements have said that they will appeal against yesterday’s ruling by the Competition Commission of India (CCI) which levied fines totalli...
Ambuja Cements
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Competition Commission of India imposes US$944m fine for cartelisation
The Competition Commission of India (CCI) has levied a fine of INR63.2bn (US$944m) on 10 cement companies whom it accuses of conspiring to fix prices in contravention of competi...
India: Ambuja and ACC report profit rises for 2Q16
LafargeHolcim’s Indian subsidiaries ACC and Ambuja Cements have both reported an increase in profits for the second quarter of 2016.
LafargeHolcim receives go-ahead for Indian streamlining
India’s Cabinet Committee on Economic Affairs has given its blessing to LafargeHolcim’s proposals to simplify the structure of its remaining operations in the country. The compa...
India: Cement stocks rise as demand recovers
Indian cement manufacturers are set to continue the strong performance which has seen their stocks outperform the BSE Sensex by a factor of ten over the past month. In this peri...
India: Ambuja Cements reports flat growth in full-year volumes
Ambuja Cements, part of the LafargeHolcim group, reported flat sales growth for the 12 months ending 31 December 2015.
Ambuja Cements appoints new CFO, India
Ambuja Cements said it has appointed Suresh Joshi as its Chief Financial Officer (CFO) with effect from February next year. In addition, Christof Haessig was appointed as an Add...
Ambuja cement 2Q15 profit declines 45%
Ambuja Cements Ltd reported a 45 per cent drop in net profit for the quarter ended June on account of a lower operating profit and a INR220m (US$3.4m) depreciation charge. The c...
Government of India transfers environment clearance of 19 coal blocks
The government of India has so far transferred the environment clearance (EC) of 19 coal blocks out of a total of 29 approved mines from the previous allottees to new successful...
Better price realisations boost ACC and Ambuja’s third-quarter revenues
Holcim’s Indian subsidiaries ACC and Ambuja Cements both reported higher revenues for the 3Q14, on the back of a recovery in prices, but sales volumes remained a concern.