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Madras Cement reports higher Q1 profits 02 August 2012 Earnings up by a quarter on stronger income for the period. ┬á (CW Group) India based Madras Cement reports its first quarter profits rose by more than a quarter on higher income, reports the Business Standard. ┬á Net income rose 25.1% rise in net... Type: Article Category: Financial Tata Chemicals going green 02 August 2012 in support of environmentally benign and responsible transportation of chemicals, thereby taking a pioneering step in the Indian chemical industry," Zarir Langrana, COO, chemicals business (India), Tata Chemicals, said. Copyright CW Group. All rights... Type: Article Category: Ports & handling India, Bangladesh renew transit, trade protocol 01 August 2012 But Indian operators say the agreement may only benefit traders in Bangladesh. ┬á (CW Group) India and Bangladesh recently renewed the Protocol on Inland Transit and Trade in Dhaka, reports the Hindu Business Line. ┬á The renewal will be valid for two... Type: Article Category: Shipping & logistics Ultratech plans mammoth cement complex in Karur 30 July 2012 Cement may invest as much as Rs 50000 crore to finance the construction of a cement complex in Karur, reports the Times of India. ┬á The complex will include a massive 5.50 million tons per year integrated cement complex. According to the report,... Type: Article Category: Plant Expansions India's CCI levies fine on Shree Cement 30 July 2012 Firm is fined Rs 397.51 crore for engaging in restrictive trade practices. ┬á (CW Group) India's CCI has levied an Rs 397.51 crore fine on Shree Cement for engaging in what it calls restrictive trade practices, reports IBN Live. ┬á It imposed the... Type: Article Category: Markets & Competition Nepal: Bishal Cement begins full scale production 30 July 2012 during pre-production, production and post-production period. Bishal has been sourcing raw materials such as gypsum from India, Pakistan and Bhutan but using locally produced clinker, the report said. Constructed with the total cost of over Rs 500... Type: Article Category: Plant Expansions India Cements secures funding from two banks 30 July 2012 Company gets Rs 500 crore from ICICI, Axis Bank. ┬á (CW Group) India Cements has secured an Rs 500 crore facility from ICICI Bank and Axis Bank, reports the Business Standard. ┬á According to the Annual Report 2011-12, it has availed financial... Type: Article Category: Financial India's JSW to venture into new markets, expand ops 30 July 2012 Group) [PAID={"id":"1,2,3,4,5","title":"The content you tried to access is only available to paid subscribers.","link":"1"}]India based JSW Cement is looking to expand its production capacity and enter new markets, reports the Hindu Business Line. ┬á... Type: Article Category: Markets & Competition India gov't to sell six cement plants 29 July 2012 Cement Corp. of India puts up six out of its 10 plants for sale. ┬á (CW Group) The government has revived a plan to sell factories of Cement Corp. of India Ltd. The state-owned firm will now put up for sale six of its 10 cement plantsÔÇöone each in... Type: Article Category: Mergers & Acquisitions Two India cement makers make board changes 28 July 2012 Sagar nominates new member of the board, while Shree announces resignation of a director. (CW Group) Sagar Cements has told BSE that the Andhra Pradesh Industrial Development Corporation Ltd, (APIDC) has appointed K. Rajendra Prasad, as its Nominee... Type: Article Category: People JK Lakshmi reports strong Q1 profits 26 July 2012 Cement maker says profits jumped two fold to Rs 50.28 crore. (CW Group) India based cement maker JK Lakshmi has reported a strong quarter, saying its profits rose over two fold to Rs 50.28 crore, reports the Business Standard. This was buoyed by a 23%... Type: Article Category: Financial ACC beats Q2 profit estimates 26 July 2012 Net profit for India based company rises 26.33% for the period. ┬á (CW Group) India based ACC has beaten profit estimates for the second quarter, reports My Iris. ┬á It reported a rise of 26.33% in consolidated net profit to Rs 4.15 billion for the... Type: Article Category: Financial Traders ask India, Pakistan to restore old rail link 26 July 2012 They say the link will improve railway connectivity between the countries, improve trade. ┬á (CW Group) The India-Pakistan Chamber of Commerce and Industry (IPCCI)has asked the governments to restore rail links like the old Sindh Rajasthan route to... Type: Article Category: Shipping & logistics Input costs, fierce competition bracket Lafarge in South Africa 25 July 2012 total cement input costs were 8% higher than in 2011, Legrand said. He adds, cheap imported cement, specifically from India and Pakistan, are a threat. Legrand said much of this cement was substandard, with some 50 kg bags also not holding the promised... Type: Article Category: Markets & Competition India's SCI acquires first of eight bulk carriers 25 July 2012 New batch of ships part of replacement and expansion program. ┬á (CW Group) The Shipping Corporation of India has taken delivery of its first Panamax vessel, the first of four it has ordered from a Chinese shipyard, reports the Maritime Professional.... Type: Article Category: Shipping & logistics India to show leniency to cartel whistleblowers 24 July 2012 Government crackdown on price fixing has already seen CCI impose Rs 6300 crore on erring firms. ┬á (CW Group) India says it will be lenient on persons or firms that share information regarding cartel like behavior in the cement industry, reports the... Type: Article Category: Markets & Competition UltraTech acquires Rajahstan based lime company 24 July 2012 Analysts say acquisition is but a small transaction for India based cement maker. ┬á (CW Group) UltraTech has purchased Rajahstan based┬á Gotam Lime Stone for an undisclosed figure, reports VC Circle. ┬á The company did not release additional data on... Type: Article Category: Mergers & Acquisitions JP Morgan downgrades India's Ultratech 23 July 2012 Firm casts eye on parent┬áGrasim Industries, lifts its target price. (CW Group) JP Morgan has downgraded India's Ultratech Cemet to underweight from neutral, saying its current valuations are stretched, reports Reuters. According to the report,... Type: Article Category: Financial JK Cements Q1 production, revenues take a dive 23 July 2012 Sources say continued struggles could spell trouble ahead for cement maker. (CW Group) India based JK Cements has reportedly turned in lower figures for sales, production, and revenues from its cement operations, reports Greater Kashmir. According to... Type: Article Category: Financial Monsoon delay a boon to India cement makers 23 July 2012 Construction season extended because of deficient rains. ┬á (CW Group) A delayed monsoon has benefited cement makers in India, as the construction season was extended, reports by the Business Standard. ┬á Sector analysts say growth in demand would be... 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