Ultratech Cement Q4 net profit dips 24%

Last Updated: Saturday, April 25, 2015, 17:39

Ultratech Cement on Saturday reported a 24 percent dip in consolidated net profit at Rs 657.2 crore for the fourth quarter of 2014-15, mainly on account of a penalty imposed by CCI on cartelisation charges.

ACC net profit hit by low demand, dives 41%

Last Updated: Tuesday, April 14, 2015, 21:53

Cement maker ACC Tuesday reported a drop of 40.84 percent in its consolidated net profit to Rs 236.54 crore for the quarter ended March 31 owing to slackened demand in the domestic market.

Core sector growth slows down to 1.4% in February

Last Updated: Tuesday, March 31, 2015, 17:35

The eight core sector industries — coal, crude oil, natural gas, refinery products, fertilizer, steel, cement and electricity.

Holcim exits Thai cement unit for Swiss frank 655 million

Last Updated: Monday, March 30, 2015, 15:53

The company, which is set to be merged with French cement maker Lafarge to create the world's largest building material company, said it has sold its entire 27.5 per cent stake in SCC via a private placement in capital markets.

Ultratech Cement says HC has quashed cancellation of a mine

Last Updated: Thursday, March 26, 2015, 19:05

The court verdict will enable Gotan Limestone Khanij Udyogto, a wholly owned subsidiary of Ultratech Cement, take possession and operate the mines, Ultratech said.

Economic revival to boost cement demand, says ACC

Last Updated: Friday, March 20, 2015, 21:26

Cement major ACC Ltd is expecting a modest but steady revival in the economy in 2015, leaving a positive impact on infrastructure, housing and construction sectors and rise in demand for the key building material.

Holcim and Lafarge revise terms to get merger back on track

Last Updated: Friday, March 20, 2015, 17:19

Switzerland`s Holcim and France`s Lafarge have agreed new terms for their plan to create the world`s biggest cement company, giving unhappy shareholders in the Swiss firm a better deal.

Ambuja to invest Rs 370 cr for development of Gare-Palma-IV/8

Last Updated: Tuesday, March 17, 2015, 19:32

The cement maker, in which Swiss building material major Holcim has majority stake, said it expects mining operation in the said block to start in 2018.

Lafarge-Holcim merger hits roadblock

Last Updated: Monday, March 16, 2015, 18:33

The USD 40-billion mega merger between Holcim and Lafarge to create world's largest cement group has hit a roadblock with Swiss giant Holcim rejecting the deal in the present form, including on 'governance issues'.

Coal auction rains revenue bonanza; touches Rs 1.57 lakh cr

Last Updated: Sunday, March 8, 2015, 21:44

In another revenue bonanza from the ongoing auction of coal mines, the government Sunday garnered Rs 5,164 crore from sale of two more mines to Jaypee Cement and Ambuja Cements with cumulative proceeds surging to Rs 1.57 lakh crore.

Coal auction Day 4: Jaypee Group, Gujarat Ambuja successful bidders

Last Updated: Sunday, March 8, 2015, 21:01

On the fourth day of auctions here for schedule III category mines whose earlier allotments were cancelled by the apex court, Jaiprakash Cement Corp and Gujarat Ambuja Cement emerged as successful bidders for the Mandla South and Gare Palma coal fields, respectively.

Com & Ind Min seeks imposition of import duty on cement

Last Updated: Monday, March 2, 2015, 13:58

The Commerce and Industry Ministry today sought imposition of import duty on cement in order to boost exports from the country and provide a level playing field to domestic manufacturers of the commodity.