Ambuja Cement sees market improvements
Ambuja Cement, part of the LafargeHolcim group, reported that improving sales volumes, combined with favourable pricing contributed to positive 1Q17 results despite rising costs.
India
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Morgan Stanley rates UltraTech Cement rated ‘Overweight’
UltraTech Cement has been rated ‘Overweight’ by Morgan Stanley with the EBITDA beat driven by costs, the research house notes.
Indian cement prices return to pre-demonetisation levels
Cement prices in India have returned to levels prior to the government’s demonetisation move, analysts at ICRA Ratings have reported.
Orient Cement becomes CSI member
Orient Cement Ltd, part of the CK Birla Group, announced that it has joined the Cement Sustainability Initiative (CSI).
UltraTech Cement FY17 sales edge ahead
UltraTech Cement, an Aditya Birla group company, yesterday reported consolidated sales for FY17 of INR250.92bn (US$3.89bn) against INR248.8bn in the previous year.
ACC 1Q sales volumes up 4%
ACC, part of the LafargeHolcim group, reported a four per cent rise in sales volumes for the first quarter of 2017 to 6.6Mt from 6.36Mt a year earlier.
Cement price hike to hit Modi’s affordable housing?
Indian Prime Minister Narendra Modi’s 'Housing for All’ scheme could be impacted by the steep hike in cement prices, the Confederation of Real Estate Developers’ Association of ...
New orders for Gebr Pfeiffer in South Asia
Gebr Pfeiffer has announced that it has received orders for its MVR grinding technology for two South Asia-based cement plants. Wonder Cement switches to Gebr Pfeiffer vertical ...
India: Shree Cement granted ToR for Karnataka plant expansion
Shree Cement has been granted terms of reference (ToR) by the Environment Ministry to expand its plant in Kalaburagi district of Karnataka.