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Cement prices rise in India 13 September 2011 Eastern UP to Rs 225, and by 10-15/bag in Delhi, Punjab and Rajasthan. Companies operating in these areas are ACC, Ambuja, Ultratech, JP Associates, Birla Corp, Shree Cements. According to a report by Sharekhan Ltd. dealers are of the view that market... Type: Article Category: Volume & Pricing Ultratech looking for fresh acquisitions 12 September 2011 Firm to spend Rs 11,000 crore over three years. (CW Group) India's Aditya Birla says it would spend Rs 11,000 crore over the next three years to enhance manufacturing facilities, and was looking for acquisitions under an expansion plan, a report from... Type: Article Category: Mergers & Acquisitions Report: India to initiate action against cement cartel 11 September 2011 Sources say MCA to sanction UltraTech Cement , ACC and Ambuja Cement for price manipulation. (CW Group) Indian authorities are reportedly now mulling action against three of country's biggest cement companies, because of alleged collusion to manipulate... Type: Article Category: Markets & Competition Ultratech to expand capacity to 9 mm tons 11 September 2011 content you tried to access is only available to paid subscribers.","link":"1"}]India based Ultratech Cement says it plans to increase output to 9 mm tons in the next three years for Rs 11,000 crore, a report from the Hindu ┬áBusiness Line said. ÔÇ£The... Type: Article Category: Volume & Pricing Report: India's Birla Group bidding for Cemex, Voto assets 07 September 2011 located in South America, according to two of the people quoted above. An acquisition could cost Birla Group flagship UltraTech cements in excess of $1 billion. Cemex has plants in several Latin American countries including Argentina, Colombia, Costa... Type: Article Category: Mergers & Acquisitions Ultratech reports higher sales in in August 05 September 2011 Dispatches increased 3.4% during the period. (CW Group) India's UltraTech Cement says its sales increased of 3.4% to 30.6 lakh tonne over the same month last year, Zeebiz said. In August, the company also registered a growth of 2.3% in cement... Type: Article Category: Volume & Pricing India cement makers expected to post double digit growth 29 August 2011 Likewise, Ambuja recorded 14 per cent growth in its sales for the month. India largest cement maker Aditya Birla groups UltraTech Cement did reasonably well with 7.4% sales growth. The cement giant sold over three million tons in July. Last week, the... Type: Article Category: Markets & Competition 25 firms being monitored by Indian authorities 28 August 2011 conducted a detailed investigation on over two dozen companies, including leading players such as ACC, Ambuja Cement and UltraTech. A CCI report said most of the companies are guilty of cutting production to raise cement price.┬áCCI is now seeking a... Type: Article Category: Markets & Competition India's Emkay remains neutral on cement performance 27 August 2011 as demand remains sluggish, a report from Money Control said. It also maintained its reduce ratings on Ambuja Cement & Ultratech. Prefer ACC and Grasim "Northern region demand still remains sluggish in this region exerting downward pressure on prices.... Type: Article Category: Financial Analyst worried about India cement sector 25 August 2011 capacity," he said. He adds,he is worried from the outcome from competition commission, which they are inquiring into the UltraTech, ACC and Ambuja, even they are examining into the other companies also the smaller companies upto the capacity of 8-10... Type: Article Category: Markets & Competition Indian cement shares expected to rise 25 August 2011 and Ambuja have been hitting some sort of support levels and have shown willingness to move up from there. ÔÇ£Particularly UltraTech Cement is one which has done that followed by Ambuja. ACC has also gradually looked up and it was indeed looking as... Type: Article Category: Financial India investigating fraud allegations against cement firms 16 August 2011 Serious Fraud Investigation Office (SFIO) report on cement firms ACC , Ambuja and Ultratech submitted to government. ┬á (CW Group) India is now probing five cement majors in the country on allegations of fraud, a report from Money Control said. ┬á The... Type: Article Category: Markets & Competition India cement dealers report sluggish performance 15 August 2011 sales were up 28 per cent at two million tonnes (mt) in July, while that of Ambuja Cements rose 14 per cent at 1.70 mt. UltraTech Cement dispatches jumped eight per cent to 3.1 mt. However, the sharp increase in lending rates by most banks has hit... Type: Article Category: Markets & Competition Tecpro secures deal with Ultratech Cement 11 August 2011 has announced it has bagged Rs 79.3 crore worth of orders for coal handling and cement conveying systems from India's Ultratech, a report from India Info Online said. ┬á Tecpro Systems will undertake at Rawan Cement Works II in Chhattisgarh, the supply... Type: Article Category: Equipment Residents complain against Ultratech plant 05 August 2011 of environmental impact of cement unit. ┬á (CW Group) People living the surrounding areas of a plant of Indian firm Ultratech Ready Mix Cement Concrete Plant on Haralur Main Road have been complaining against the hazards and pollution being caused by... Type: Article Category: People India examining results of cement probe 04 August 2011 State had ordered Serious Fraud Investigation Office to investigate cement majors ACC, Ambuja, and Ultratech. ┬á (CW Group) The Indian government has received copies of a report from the Serious Fraud Investigation Office detailing its investigation of... Type: Article Category: Markets & Competition Angel Broking keeps neutral rating for Ultratech Cement 03 August 2011 pressures, even as bottom line figures rose in H1. (CW Group) Angel Broking has maintained its neutral rating on India's Ultratech cement, a report from Money Control said. "UltraTech Cement (ULTC) posted robust 22.5% yoy growth in its bottom line to Rs... Type: Article Category: Financial India: Holcim units report lower Q2 profits 31 July 2011 a 11% decline in second quarter net profit at Rs.347.50 crore, while ACCÔÇÖs net profit dropped 6% to Rs.328.12 crore. Ultratech Cement Ltd reported a 1.6% fall in the production of cement and clinker for the April-June period. Industry demand grew at... Type: Article Category: Financial India: Ultratech Cement reports higher Q2 profits 27 July 2011 Increased sales for Indian cement major. (CW Group) India's Ultratech Cement has reported higher Q2 profits, on the back of higher sales, a report from MSN said. Its profit after tax of Rs 683 crore for the April-June quarter, against that of Rs 558... Type: Article Category: Financial Cement firmÔÇÖs prospects in India down for Q1 17 July 2011 prices have already fallen to Rs 266/bag from Rs 276 in March and profits of leading companies like ACC , Ambuja and UltraTech could weaken further in the coming quarters if demand does not pick up, say analysts. "Lower demand from the infrastructure... 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