New Delhi, Jan 20
Cement demand is likely to remain sluggish next fiscal with around 5—6 per cent growth impacted by slowdown in construction and infrastructure sectors, India Ratings and Services said in a report...
January 11, 2014
Among the recent data releases indicating that all is not well with the economy, is the core industry growth data. The latest numbers show that core sector industries grew a meagre...
Mumbai, Jan. 6
Leading cement company stocks, such as UltraTech Cement, ACC and Ambuja Cements have fallen out of favour with investors as they underperformed the benchmark Sensex in the December quarter.
Mumbai, Jan. 1
Profits to remain under stress
New Delhi, Dec 12
HeidelbergCement India plans to raise Rs 370 crore through a private placement of unsecured non-convertible debenture to its non-resident parent and group companies.
A meeting of the ceme...
Mumbai, Dec. 4
Switzerland-based Holcim Group, which is under the process of revamping its holdings in India, has appointed Bernard Terver as additional director on the board of ACC Ltd, a group company,...
November 30, 2013
The stock of Grasim Industries is down 22 per cent over the last one year and trades at nine times its trailing earnings (consolidated) of one year. With current valuation at the lower end of i...
November 23, 2013
The September quarter results came as a welcome breather after five-six quarters of earnings disappointment, thanks to sectors such as IT, pharmaceuticals and auto. An analysis by variou...
Mumbai, Nov. 17
ACC is installing radio frequency software along with GPS on all the 12,000 vehicles serving the company.
Chennai, Nov. 7
Incurs Rs 22.53-crore loss in second quarter
Bangalore, Jan. 15
Ambuja Cement has launched its first fully automatic one million tonne capacity terminal in Mangalore. According to Ajay Kapur, Deputy Managing Director and CEO, through...
New Delhi, Jan. 9
Cement consumption in the country is expected to rise by 8-9 per cent over the next year, taking estimated cement consumption in 2013-14 fiscal to about 280-285 million tonnes (mt)...
Hyderabad, Jan. 4
To add units despite tough business environment
December 21, 2013
The cement industry, which has been reporting sagging volumes, falling realisation and rising costs, is set for revival. The year’s normal monsoon is expected to stoke rural income and increase...
Mumbai, Dec 6
After a period of slowdown, demand for cement is expected to pick up mainly because of the increase in Government spends in the infrastructure sector, a survey by ICICI Securities has found.»
New Delhi, Dec 4
ACC ACC’s Chief Executive Officer (CEO) and Managing Director Kuldip Kaura has received a one year extension in his current position till December-end next year. “We wish to inform you that...
Mumbai, Nov 24
Binani Cement Ltd, a part of $1.6 billion Braj Binani Group, has appointed Jotirmoy Ghose as its new Managing Director.
“Jotirmoy’s vast expertise of global operations and new market deve...
Mumbai, Nov. 22
Ambuja Cements Ltd has got shareholders’ approval to buy a 24 per cent stake (1.36 crore shares) in Holcim India (Pvt) Ltd from Holderind Investments for Rs 3,600 crore, and the amalgamation of Ho...
November 11, 2013
Despite moderate growth in dispatches and substantial savings on fuel costs, cement companies saw their profits sink in the July-September period, mainly due to a sharp drop in cement prices and h...
Mumbai, Nov 3
Cement companies, which reported a decline in profit growth in the September quarter, may see marginal improvement in the next three months on account of a slight pick-up in demand though prices w...