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CCI slaps Rs 6,715 crore fine on 11 cement companies including ACC, Ultratech

CCI slaps Rs 6,715 crore fine on 11 cement companies including ACC, Ultratech

Competition Commission Wednesday imposed more than Rs 6,700 crore penalty on 11 cement companies, including ACC and Binani, for cartelisation.

ACC net profit hit by low demand, dives 41%

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.

Tax gain propels ACC profit nearly 2-fold in Jan-Mar

Cement maker ACC's consolidated net profit for the January-March quarter nearly doubled to Rs 438 crore powered by higher "other income" and a one-time tax reversal.

ACC consolidated net profit down 19% at Rs 1,059-cr in 2012

Cement maker ACC Thursday reported a 18.6 percent dip in consolidated net profit for the year 2012 at Rs 1,059 crore as it changed the method of calculating depreciation.

Cement companies may be in for more trouble

An indication to this effect was given by CCI in its order imposing a fine of Rs 6,307 crore on 11 cement companies for arbitrary price fixing under the Competition Act.

ACC Q1 net plunges 57% to Rs 151.5 cr; sales up 19%

Cement manufacturer ACC Thursday reported 56.72 percent decline in consolidated net profit to Rs 151.55 crore for the January-March quarter due to steep escalations in input costs such as coal, fly ash and gypsum.

ACC to invest Rs 3,330 cr on expansion plan by 2015

Leading cement manufacturer ACC today announced an investment of Rs 3,300 crore by 2015 to set up three grinding units and a clinker facility.

ACC Q4 net rises 86% to Rs 463 cr

Cement maker ACC Ltd on Thursday reported a 86 percent rise in its consolidated net profit at Rs 463.20 crore for the fourth quarter ended December 2011, on the back of higher sales.

ACC cement output at 1.67 mt in Sep

Cement-manufacturer ACC on Monday said its production in September stood at 1.67 million tonnes, as against 1.52 million tonnes in the year-ago period.