Wed, Dec 11, 2024
After steady volume growth in the H1, Jefferies anticipates 8-10 per cent year-on-year (YoY) growth in volume during the second half.
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Mon, Nov 18, 2024
The company said it has signed a new transport service contract for the deployment of these trucks for the transportation of 75,000 MT (Metric Tonne) of clinker per month from its integrated cement manufacturing unit at Dhar in Madhya Pradesh, to its grinding unit at Dhule in Maharashtra.
Sun, Nov 03, 2024
Major cement manufacturers reported a decline in margins in the September quarter, mainly on account of lower prices, leading to lower sales realisation.
Tue, Apr 24, 2018
Liberty House Group Pte had earlier filed an application with the NCLT with a prayer to declare illegal, a decision of the CoC of Bhushan Power and Steel which had refused to entertain an application for resolution plan submitted by Liberty in February.
Tue, Mar 20, 2018
UltraTech had said that Binani Industries Ltd (BIL) - the promoter firm of BCL - had approached it for arranging funds to pay off the lenders. "As a creditor, we support the UltraTech offer as it offers a better deal for us," an official from a lead creditor told PTI
Fri, Mar 09, 2018
The Competition Commission of India had imposed a fine on 10 cement companies and a trade body for price fixing in 2016. ACC Ltd, Ambuja Cements Ltd, Ultratech Cement Ltd and Jaiprakash Associates Ltd were among those which were fined.
Thu, Jan 18, 2018
Quarterly performance was also hurt by the ban of pet coke usage in some states, the company said.
Thu, Jun 29, 2017
Jaiprakash Associates has completed the sale of part of its cement business to Ultratech Cement at an enterprise value of Rs 16,189 crore.
Sun, Feb 19, 2017
An analysis of the latest-quarter results of listed firms shows that the government's ambitious exercise of withdrawing old Rs 500/1,000 notes led to adverse impact on businesses across the sectors, though not many have publicly criticised the move and the likes of Rajiv Bajaj are only an exception.
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.”
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.
Mon, Oct 17, 2016
Ultratech Cement reported consolidated net profit of Rs 614.30 crore for second quarter September 30, 2016 (Q2FY17), a rise of 25.26% year-on-year (yoy) but a decline of 21.25% quarter-on-quarter (qoq).
Tue, Jul 19, 2016
This quarter for the company witnessed improvement in operating cost on the back of operational efficiencies and a judicious power and fuel mix.
Tue, Jul 05, 2016
UltraTech cement agreed to buy Jaiprakash Associates' cement plants at an enterprise value of Rs 16,189 crore.
Mon, Jul 04, 2016
UltraTech Cement, an Aditya Birla Group company, has agreed to acquire Jaiprakash Associates' cement plants of 21.2 million tonnes per annum (MTPA) capacity at an enterprise value of Rs 16,189 crore.
Tue, Apr 26, 2016
The flagship firm of the Aditya Birla Group had clocked a net profit of Rs 657.20 crore in the year-ago period.
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