Cement News tagged under: India Cements
India Cements: back in the black13 November 2014, Published under Cement NewsIndia Cements has reported a profit for the July-September quarter on higher income and lower expenses following a loss in the same period of the previous year. For the three months to the end of September 2014, the company posted a net profit of INR7.5 crore against loss of INR22.5 crore in the year-ago period. Total income from operations grew by 3.84 per cent to INR1136 crore in the quarter ended September 2014 from INR1094 crore in same quarter a year earlier. Operating profit ... |
India Cements board to consider raising INR5bn, mulls MSE delisting12 November 2014, Published under Cement NewsIndia Cements today said its board will consider a proposal to raise INR5bn (US$81.3m) from investors. "The Board of Directors at its meeting will, consider the following issue of QIP, FCCB, GDR and/or other securities for a total sum not succeeding INR500 crore”, India Cements said in a filing to the BSE stock exchange. The board would also consider delisting of its shares from the Madras Stock Exchange Ltd (MSE), it said. |
India Cements to demerge Super Kings division24 September 2014, Published under Cement NewsIndia Cements said Tuesday it would demerge the Chennai Super Kings (CSK) division into a wholly-owned subsidiary. "Our company presently owns Chennai Super Kings (CSK) - BCCI-IPL Franchise 20/20 Cricket Tournament Team. We propose to demerge the said CSK Division to a wholly-owned subsidiary of our company," the company said in a statement filed with the Bombay Stock Exchange (BSE). India Cements said the proposed demerger has been included for consideration of the board of directors slat... |
India Cements to upgrade Tamil Nadu works23 June 2014, Published under Cement NewsIndia Cements plans to upgrade and expand capacity of its cement plant in Salem, Tamil Nadu state, India. The company will optimise the existing kiln and add a new line. It has sought environmental clearance and once this is in place the project will be able to proceed, according to sources cited by Hindu Business Line. |
India Cements post fourth-quarter loss28 May 2014, Published under Cement NewsIndia Cements has swung to a loss in the final quarter of the current fiscal compared to a profit last year on weak demand and overcapacity in southern markets. The Chennai-based company reported a net loss for the January-March 2014 period of about INR31 crore, compared with a profit of INR27 crore in the comparative period of the previous year. "The southern market suffers from the capacity overhung. This is not the case with north and east. This has hurt realisations," said N Srini... |
India Cements to merge with subsidiary27 May 2014, Published under Cement NewsIndia Cements is planning to merge with its subsidiary Trinetra Cement to consolidate its operations. N Srinivasan, vice chairman and managing director of India Cements, said the merger will bring the operations under one company. "We will get the benefit of profitability of Trinetra and improve the performance of India Cements," he said. Post-merger the total capacity of India Cements would go up to 15.8Mt. India Cement currently has a capacity of 15.5Mta from seven integrated plants i... |
India Cements approves scheme of amalgamation26 February 2014, Published under Cement NewsIndia Cement has informed the Bombay Stock Exchange that its board of directors has approved a scheme of amalgamation of its subsidiaries Trinetra Cement (TCL) and Trishul Concrete Products Ltd (TCPL), effective 1 January 2014, subject to approval from the relevant authorities. |
South Indian cement makers start exports to Myanmar03 February 2014, Published under Cement NewsIt has been locally reported that Chettinad Cements, The India Cements, Dalmia Cements and Ramco Cements have started shipping cement to Myanmar in the past few months. Depressed market conditions for the second year running have forced cement makers in south India to look at different export markets. "We started shipments to Myanmar last month of about 10,000 to 12,000t. It is not very remunerative, but when the chips are down, we have to do something to stay afloat," said Vipin Agar... |
India Cements gets MoE go-ahead to double capacity30 December 2013, Published under Cement NewsIndia Cement has received the go-ahead by an appraisal committee under the Ministry of Environment (MoE) to double its cement capacity and set up a 40MW power plant at its Dalavoi works in the southern Indian state of Tamil Nadu. Clinker capacity at the plant will expanded from 1.24Mt to 2.77Mt while cement capacity will be increased from 2.16Mt to 4.71Mt. The project is expected to take around two years to complete and upon completion, the additional output will serve the markets of Tami... |
India Cements explores export opportunities23 September 2013, Published under Cement NewsIndia Cements is looking at the possibility of resuming exports in a bid to improve capacity utilisation and benefit from the falling rupee, N Srinivasan, Vice-Chairman and Managing Director of the company, has indicated. Addressing shareholders at the company’s AGM last week, Mr Srinivasan said the cement producer was taking all the necessary measures at an operational level to improve results for the remainder of FY14. MR Srinivasan stated that cement producer is hoping to restart ex... |