UltraTech Cement in talks to buy northeastern plant
UltraTech Cement, the largest cement producer in India, is in talks to buy north-eastern cement producer Adhunik MPS Cement’s Meghalaya plant for over INR7bn., according to rep...
Ultratech Cement
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Jefferies starts India cement coverage
Jefferies has initiated coverage on the Indian cement industry with a buy rating on ACC, Grasim Industries, India Cements, UltraTech Cement, and hold rating on Ambuja Cements. ...
UltraTech Cement to take control of Star Cement?
UltraTech Cement is looking to purchase its partner’s stake in Star Cement to take full control of the Dubai-based cement producer, sources familiar with the deal have said, ad...
Indian companies post January rise
UltraTech Cement, said shipments in January rose 11.2 per cent to 3.72Mt. Production increased 11.7 per cent to 3.78Mt the company, part of India's Aditya Birla Group, said in ...
Coal India cuts coal price due to cement opposition
Coal India, rolled back on Tuesday an increase in prices under a new pricing policy due to opposition from cement and power sectors but will review the system after assessing i...
UltraTech 3Q net profit rises 93% on improved demand
India’s largest cement producer, UltraTech Cement, reported a 93 per cent rise in 3QFY12 net profit thanks to a double-digit rise in cement demand but energy costs continue to ...
India: caught in a down-cycle
These are important times for the Indian cement sector as the country’s cement producers see cement sales dip and energy costs squeeze margins. New capacity projects are being ...