ACC and Ambuja post diverging results, India
Holcim’s two Indian interests have posted contrasting results for the first quarter of 2014, with ACC’s profit down nine per cent while Ambuja Cement’s net climbs 6.6 per cent.
India
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UltraTech Cement quarterly profit rises 15% YoY
UltraTech Cement reported a 15 per cent rise in net profit of INR8.4bn (US$138m) for the first quarter of the year on cost control initiatives.
Groundbreaking for Zuari packing terminal, India
Zuari Cement on Tuesday held a groundbreaking ceremony for a 1Mta port-based cement-packing terminal at the Kochi port on the west coast of India. The unit is expected to become...
OCL commissions grinding unit, India
OCL India Ltd has informed the Bombay Stock Exchange that it has commissioned its cement grinding unit at Salboni, Medinipur, in the state of West Bengal. The new facility start...
Probe against Lafarge Surma land acquisition and quarrying operations
The Indian Compliance Advisor/Ombudsman (CAO) is assessing a complaint filed against Lafarge Surma Cement's land acquisition and limestone quarrying operations in Meghalaya, India.
LafargeHolcim will create Indian market leader
The merger of Lafarge and Holcim will create the largest producer in India, overtaking the current leader, UltraTech Cement, according to a report in The Economic Times of India...
Shree on course with capacity drive, India
Shree Cement is on course with its expansion drive to raise cement capacity to 20Mta by 2015 with two new projects currently under implementation.
Ambuja to invest internal funds for expansion
Ambuja Cements, part of the Holcim group, plans to spend around INR8bn (US4133m) in 2014 from internal funds to partially finance its ongoing capacity expansion projects.
India: Reliance Cement extends its sales reach
Reliance Cement Company has expanded its footprint in the domestic Indian market by launching sales of its product in the eastern Indian state of Jharkhand. Commenting on the de...
Simec reportedly in talks to buy stake in Gujarat unit
Dubai-based Simec is expected to buy up to 51 per cent in ABG Cement's Gujarat unit, local press have reported. The enterprise value of the 5.8Mta cement facility is expected to...