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ACC's net profit drop by 20% to Rs 261 crore in Q1FY17
Fri, Apr 21, 2017
The company's cement sales during Q1FY17 stood at 6.60 million tonne, a marginal rise from 6.36 million tonne in Q1FY16.
CCI's penalty on cement companies to impact their profits
Fri, Jan 20, 2017
India Ratings on Friday said, “CCI's penalty on seven major cement companies will shave off under 2% of the players operating profits ahead.”
ACC, Ambuja, Shree Cement to file case against CCI's order
Fri, Jan 20, 2017
On January 19, 2017, CCI penalised seven cement companies including the above mentioned for bid rigging of a tender floated by the Director, Supplies & Disposal, Haryana in the year 2012.
LafargeHolcim increases stake in ACC, Ambuja Cement; shares slump
Wed, Nov 16, 2016
On August 12, 2016, Ambuja Cement acquired stake in ACC. The deal involved Ambuja Cement issuing 58.4 crore shares worth Rs 11,200 crore to the Swiss parent, which would take its stake up to 61.39% from the current 50%. It also acquired 50.1% stake of Holcim in ACC.
ACC shares up 3% as cement grinding unit gets stabilised
Mon, Oct 10, 2016
It said, “Following the completion and commencement of commercial production of the new clinkering line at Jamul in Chattisgarh in July 2016, operations of the new cement grinding unit in Jamul which went into commercial production from September 14, 2016, have also been successfully stabilized.”
CCI slaps Rs 6,700 crore fine on 10 cement firms, including ACC, Binani, for cartelisation
Wed, Aug 31, 2016
Competition Commission of India (CCI) on Wednesday imposed more than Rs 6,700 crore penalty on 10 cement companies, including ACC, Binani, Century, UltraTech, for cartelisation.