Shiv Cement & Shakti Steel

27/11/2015

Reliance Infrastructure -Ultratech closing in on Reliance Infra’s cement units -Concerned units likely to fetch enterprise value of Rs 5000-5500 crore

30/10/2015

Downword will be continue in steel pirce............!
and cement going rocks................!

24/12/2014

UltraTech Cement buys JP Associates' MP plant for Rs 5400cr.

In a win-win deal, Aditya Birla Group company UltraTech Cement on Tuesday announced acquisition of Jaiprakash Associates ' two cement units and associated power plants in Madhya Pradesh for Rs 5,400 crore. The two units in Madhya Pradesh include clinker capacity of 2.1 million tonne and cement grinding capacity of 2.6 MT at Bela along with a captive power plant of 25 MW. In addition, 3.1 MT of clinker capacity and 2.3 MT of cement grinding capacity at Sidhi will also be sold along with a 155 MW power plant. In a statement to stock exchanges, the company said, "This acquisition will create significant synergies and the surplus clinker will enable UltraTech to augment its cement capacity by a further 1.8- 2.5Mta in addition to the 4.9Mta mentioned above. This acquisition will enable the company to increase its presence in the Satna cluster of Madhya Pradesh.” Post this sale, JP Associates, the flagship company of the group will retain the position of the third-largest cement maker in the country by paring its debt considerably.

Read more at: http://www.moneycontrol.com/news/cnbc-tv18-comments/ultratech-cement-buys-jp-associates39-mp-plant-for-rs-5400cr_1259850.html?utm_source=ref_article

Post this sale, JP Associates, the flagship company of the group will retain the position of the third-largest cement maker in the country by paring its debt considerably...

03/06/2014

UltraTech Cement plans to buy Holcim-Lafarge India assets

Kumar Mangalam Birla is waiting to see what will be on sale as the two European companies prepare to dispose of plants, the report added.
UltraTech Cement is looking to buy the local assets of Holcim and Lafarge SA, according to a report.
Kumar Mangalam Birla is waiting to see what will be on sale as the two European companies prepare to dispose of plants, the report added.

03/06/2014

Reliance Cement already sells in the key cities of Maharashtra, Uttar Pradesh, West Bengal and Jharkhand where it has established itself to become the most favoured brand.

06/02/2013

Cement Rates going strong!

22/10/2012

UltraTech Cement Q2,2012-13, YoY
-Net profit at Rs.550 cr vs 279 cr
-Net sales at Rs.4,699.6 cr vs Rs.3,908 cr

22/06/2012

The competition regulator has imposed an unprecedented penalty of Rs 6,307 crore on 11 cement makers, including the Indian arms of global leaders Holcim and Lafarge, holding them guilty of manipulating supplies and prices to post huge profits at the cost of consumers and the economy.

The Competition Commission of India (CCI) has asked the cement companies to pay up the fine in 90 days, and told the Cement Manufacturers Association to stop collecting pricing data and circulating output and dispatch details to its members.

17/06/2012

અનન્યશ્રી, આર્યમાન વિક્રમ અને અદ્વૈતિશા બિરલા- ત્રણેય કેમ એમ બિરલા ગ્રુપના ચેરમેન કુમાર મંગલમ બિરલાના સંતાનો છે. જેઓ આગળ જતાં જૂથની કમાન સંભાળશે.

15/06/2012

Aditya Birla Group and France's Lafarge are separately in talks to buy Jaiprakash Associates ' cement units in two states, worth up to about USD 1.6 billion, the Economic Times reported on Friday.

Officials from Lafarge and the Aditya Birla Group-controlled UltraTech Cement Ltd, India's biggest cement producer, have completed preliminary talks and final bids are expected shortly, the newspaper said, citing sources with knowledge of the development.

Jaiprakash has spun off its cement units in the western state of Gujarat and southern state of Andhra Pradesh into a separate company, Jaypee Cement, which has a combined capacity of 9.8 million tonnes, the newspaper said.

The business could be worth about Rs 9,000 crore, based on an estimated cost of USD 160 a tonne for a greenfield plant, it said.

"We are exploring the option of getting a strategic investor into this company to monetise a part of our investment so the parent company can reduce debt," the paper quoted an unnamed official at Jaypee Cement as saying.

Swiss cement maker Holcim , which has stakes in two Indian companies ACC Ltd Ambuja Cements Ltd

15/06/2012

Cement rate increase rs 5 from today.

17/03/2012

The increase in the excise duty on cement that followed a hike in railway freight rates, will make the commodity more expensive and impact the domestic housing and construction sector. “The increase in excise duty specially coming after the recent substantial hike in the rail freight would result in increase in the cost of delivered cement,”