HSBC Global increases stake in India Cements
HSBC Global Investment Funds has purchased 384,345 shares of India Cements Ltd for an undisclosed sumy, the cement producer said in a notice to the stock exchanges. Following th...
India Cements
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India Cements looks to construct new line in Rajasthan
India Cements is studying the possibility of expanding capacity in Rajasthan to cater for growing demand in the neighbouring states of Gujarat and Madhya Pradesh.
Mixed bag of Q3FY13 earnings for Indian cement producers
A weakness in cement prices and softening demand in the region is expected to hit Q3FY13 earnings of some of India’s cement producers. Only ACC and Ambuja are forecast to record...
India Cements net profit falls 30%
India Cements Ltd on Monday said its second quarter net profit fell 30 per cent YoY to INR49.08 crore from INR69.71 crore from a year earlier. "Our profits were lower as we suff...
India Cements 2Q profit falls 29.6%
India Cements, the largest cement producer in South India, reported fall of 29.59 per cent in net profit for the quarter ended September 2012 on lower margins.
India Cements plans Tamil Nadu capacity expansion, India
India Cements is planning work on a brownfield expansion to add over 3Mta at two of its cement plants in the southern Indian state of Tamil Nadu.
Deutsche upgrades India Cements to buy
Deutsche Bank has upgraded India Cements to "buy" from "hold", while cutting its target price to INR106 from INR120, citing favourable risk-reward on attractive valuations and i...
India Cements 1Q net profit drops 39.2%
India Cements Ltd today said that it has reported a decline of 39.2 per cent in its net profit for the first quarter ended June 2012 at INR62.07 crore.
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...
India Cements receives approval for future expansion
India Cements has received approval from the environment ministry as it gathers the necessary approvals for the possible expansion of its existing plants. The Times of India rep...