JP Morgan remains underweight on Ambuja Cements
JP Morgan remain Underweight on India's Ambuja Cements. Key risks to the price target as per JP Morgan is a sharp recovery in cement demand Ambuja Cements, which is 50.3 per cen...
Ambuja Cements
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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...
Four Indian plants force to close on alleged environmental violation
Four cement plants in the Indian state of Chhattisgarh have been ordered to shut down on alleged violation of air pollution controls norms. The Chhattisgarh Environment Conserva...
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...
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...
Ambuja Cements first quarter net profit declines, India
Ambuja Cements posted a 23.4% drop in its first quarter net profit at INR312.2 crore against INR407.5 crore in the corresponding quarter last year. The company's 1Q net sales sa...
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.