India: Coal India contracts not discontinued in June 2016
The fuel supply contracts of cement companies with Coal India will not be discontinued for auction, in contrast to earlier government announcements that all coal supply agreemen...
India
2,876 posts · Page 214 of 288
India: Udaipur Cement Works sees 12.6 per cent YoY gain in Jul-Sep revenues
Udaipur Cement Works reported total revenues of INR214.9m (US$3.24m) , down 4.3 per cent QoQ, but up 12.6 per cent YoY. The company also recorded a net profit of INR15.6m for th...
Plans to convert Binani Cement debt into equity
Lenders to India’s Binani Cement are planning to convert a total debt of INR30bn in the company to equity.
UltraTech Cement included on the Indian Climate Disclosure Leadership Index
UltraTech Cement announced that it has been identified as an Indian leader for the quality of climate change-related information that it has disclosed to investors and the globa...
Kumar Mangalam Birla appointed as Vice Chairman of Century Textiles
Kumar Mangalam Birla, chairman of the US$40bn Aditya Birla Group, has been appointed as Vice Chairman of Century Textiles and Industries. KM Birla is grandson of 94-year-old BK ...
Reliance Infrastructure to sell its cement business, India
Reliance Infrastructure on Wednesday said it has decided to sell its cement manufacturing and road development businesses to focus on defence. "The 5.8Mta cement business and re...
JK Cements reports 58% fall in 2Q net profit
India-based JK Cements reported a 58 per cent fall in consolidated second-quarter net profit to US$2.09m. However, its total standalone income rose by five per cent to US$133m f...
Shree Cement commissions Uttar Pradesh grinding plant
Shree Cement has commissioned a grinding plant at Bulandshahr in Uttar Pradesh on 30 October 2015, the company said in a statement to the Bombay Stock Exchange. The new facility...
ACC sees subdued July-Sept volumes and pricing
LafargeHolcim Indian subsidiary ACC reported flat volumes and subdued selling prices for the July-September 2015 quarter as construction activity and cement demand remained weak...
India: Orient Cement reports on 'challenging' second quarter
Orient Cement reported a 35.4 per cent YoY decline in 2QFY16 net profit to US$4.32m due to lower income and higher expenses and finance costs. Net sales for the three months to ...