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Holcim, Lafarge create global concrete giant

Last Updated: Monday, April 07, 2014, 19:15

Swiss cement group Holcim and French rival Lafarge are merging to create the biggest global concrete group worth 40.0 billion euros, with an eye to booming construction in emerging markets, they said on Monday.

Dalmia Cement's capacity to rise to 20 mtpa after JAL deal

Last Updated: Tuesday, March 25, 2014, 15:03

Dalmia Cement (Bharat)'s capacity will go up to 20 million tonnes per annum (mtpa) following its acquisition of Jaiprakash Associates' (JAL) 74 percent stake in a joint venture with SAIL for an enterprise value of Rs 1,150 crore.

Challenging outlook may continue for cement sector: Icra

Last Updated: Sunday, March 02, 2014, 18:38

"The demand for cement was sluggish during Q2 FY14 - a seasonal phenomenon - due to a slowdown in construction activities during the monsoon season," Icra Senior Vice- President Sabyasachi Majumdar said in a report.

Ultratech Cement's Q3 net profit dips 38% to Rs 370 crore

Last Updated: Monday, January 20, 2014, 13:46

The Aditya Birla Group's flagship firm had clocked Rs 601 crore net profit in the corresponding quarter of last fiscal, the company said in a release.

Heidelberg Board to consider raising Rs 370 crore through NCDs

Last Updated: Thursday, December 12, 2013, 16:06

Heidelberg Cement India's Board will meet on December 16 to consider raising Rs 370 crore by issuing non-convertible debentures (NCDs) on private placement basis.

Sept factory output grew at best pace since March: Report

Last Updated: Friday, November 08, 2013, 12:39

Indian factories increased production in September at the fastest pace since March ahead of an expected surge in demand during the country`s festive season.

UltraTech Cement Q2 profit halves on subdued demand

Last Updated: Saturday, October 19, 2013, 15:24

UltraTech Cement Ltd, the country`s largest cement maker, reported a 52 percent fall in net profit for the July-September quarter, the biggest drop since 2010, after it was hit by a slowdown in homebuilding and infrastructure projects.

Reliance Cement's Madhya Pradesh unit to commission this month

Last Updated: Monday, October 07, 2013, 16:40

Reliance Infrastructure on Monday said it will commission this month its Rs 3,000-crore Madhya Pradesh cement manufacturing unit that will cater to markets in central, eastern and northern India.

JP Associates dives over 8%; UltraTech up 5% post deal

Last Updated: Thursday, September 12, 2013, 12:00

Shares of UltraTech Cement gained 5.52 percent to Rs 1,828 on the BSE.

UltraTech Cement acquires Jaypee Cement unit for Rs 3,800 cr

Last Updated: Wednesday, September 11, 2013, 13:37

Aditya Birla Group firm UltraTech Cement Ltd Wednesday said it will acquire Gujarat Cement unit of Jaypee Cement Corp Ltd for Rs 3,800 crore.

Cement sector may look at exports to remain competitive: DIPP

Last Updated: Wednesday, August 07, 2013, 15:51

Reeling under below utilisation of the existing 350 million tonnes per annum (mtpa) capacity, the cement industry may look at exporting the building material to remain competitive, a top government official on Wednesday said.

Better monsoons to hit cement companies in Q2: Icra

Last Updated: Thursday, August 01, 2013, 16:24

Excess rainfall in almost all parts of the country may lead to more than average slump in demand for cement this year, with the maximum impact being felt in the current quarter, says an Icra report.