UltraTech Cement appoints independent director
India’s largest cement producer UltraTech Cement said its board of directors has appointed Arun Adhikari as additional director (Independent) to the board, effective 3 December ...
India
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Prism Cement's credit metrics seen improving from FY15
India-based cement producer Prism Cement Ltd is expected to see an improvement in credit metrics from FY15 on the back of an overall improvement in operating efficiency and an a...
HeidelbergCement plans India bond placement
HeidelbergCement India plans to raise INR3.7bn (US$59.4m) by issuing non-convertible debentures on private placement basis. "... subject to receipt of various approvals, plannin...
UltraTech Cement
Indian market leader, UltraTech Cement Ltd, is bracing itself for increased pressure on margins as the cost of raw materials and coal continues to rise while demand remains subd...
Pakistan export volumes rise in 4MFY13-14
Pakistan export volumes have increased in the first four months of the current fiscal compared to the same period a year ago, but October volumes were down on a monthly and annu...
Binani Cement appoints new MD
Binani Cement Ltd, part of the Braj Binani Group, has appointed Jotirmoy Ghose as its new managing director. “Jotirmoy’s vast expertise of global operations and new market devel...
Birla selects Gebr Pfeiffer mill for Satna cement works
India-based Birla Corporation Ltd has placed another order with Gebr Pfeiffer for an MPS 2800 BK for its cement plant in Satna. Featuring an installed drive power of 800kW, the ...
India: Ambuja wins approval for Holcim restructuring
Ambuja Cements Ltd announced on Thursday that it had received shareholders' approval to buy a 24 per cent stake in Holcim (India) Pvt. Ltd from Holderind International for INR35...
India: US$122m net profit for Udaipur Cement in September quarter
Net profit of Udaipur Cement Works reported to INR77,000m (US$122m) in the quarter ended September 2013 as against net loss of INR21,300m (US$33.8m) during the previous quarter ...
India: IRCA suggests challenging times for Indian producers
India's cement producers profits are under pressure as raw material and fuel costs rise, and delays in construction projects tighten margins. Ratings Agency IRCA point out that ...