UltraTech Cement net profit rises 19% in 4Q to US$69.7m
UltraTech Cement posted a 19% rise in net profit at INR8.67bn (US$69.7m) in the fourth quarter ended 31 March 2012, as compared to INR7.27bn (US$138m) in the corresponding quart...
India
2,876 posts · Page 283 of 288
India Cements: investors could consider on long-term basis
Chennai-based India Cements is a leading player in southern India and has benefited from strong cement prices, given production discipline amongst local producers over the past ...
India: Udayapur Cement to shut for a month
One of the biggest cement factories in the country built with Japanese assistance has been closed for a month for ‘maintenance work’ at a time when the demand for construction m...
ACC first-quarter hit by one-time depreciation charge
ACC Ltd Thursday said its January-March net profit fell sharply, hit by a one-time depreciation charge of INR3.35bn. ACC, a unit of Holcim Ltd, posted a net profit of INR1.52bn,...
UltraTech in talks to buy Mozambique mine
Aditya Birla group's UltraTech Cement - India's largest cement maker, is in talks to acquire a large limestone mine in Mozambique for about INR1500 crore. According to reports i...
Jaypee plans capacity hike, India
India’s Jaypee Group is aiming to increase cement capacity to around 50Mta over the next five years from 33.5Mt, the Economic Times of India reports. Shiva Dixit, vice president...
UltraTech Cement appoints additional director, India
UltraTech Cement’s board of directors have appointed M Damodaran as an additional director (independent) with effect from 16 April 2012, the company said in a statement to the B...
Indian cement corporate announcements
UltraTech Cement has informed that the NJ Jhaveri has resigned from the board of the company with effect from 4 April, 2012, according to a filing to the Bombay Stock Exchange (...
India cartel ruling expected in 15 days
India’s Competition Commission said it will be at least 15 days before it issues its final report on an alleged cartel by 39 cement companies. "There will be 2-3 meetings of the...
Cartel ruling expected shortly, India
A ruling by the Competition Commission of India (CCI) on an alleged cartel by cement companies is expected imminently, with a negative verdict likely to negatively affect profit...