1 - 10 Results of 27

UltraTech divests entire equity in Chinese cement maker for $120 mn

UltraTech Cement has announced that it will divest its entire 92.5 per cent stake in China's Shandong Binani Rongan Cement Co. "Krishna Holdings, incorporated in Singapore and a subsidiary of the company's wholly-owned subsidiary

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What does the mining industry want?

Vendor speak to boost demand, user speak to make available higher end equipment and better services.

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Industry wish list

Recent coal mine developer and operator (MDO) contract announcements have kept demand for equipment high. Making MDO-styled contract announcements for mining segments other than coal, possibly for iron ore and limestone, will bode well for mining,” believes Hemant Mathur, Assistant Vice-President,..

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NCLT to give verdict before July 10 on UltraTech-Binani deal

The Kolkata bench of NCLT will reportedly give its verdict on UltraTech Cement's acquisition of Binani Cement assets before July 10.

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Shree, Dalmia in the fray for Binani Cement

At least three companies have expressed an interest in acquiring the cement business of Binani Industries. Dalmia Bharat and Shree Cement are both looking to buy Binani´s 6.25 mn tpy cement manufacturing capacity, with an unnamed multinational company also in the fray.

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CCI slaps Rs.6,700 cr fine on 11 cement firms

The Competition Commission of India (CCI) has imposed more than Rs 6,700 crore penalty on 11 cement companies - UltraTech, Binani, Ramco, Jaiprakash Associates, JK Cement, Lafarge, India Cements, ACL, ACC, Century, Shree Cement, besides Cement Manufacturers´ Association (CMA) - for cartelisation

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CCI fines 11 cement firms with Rs 6,700 crore

The Competition Commission of India (CCI) has imposed more than Rs 6,700 crore penalty on 11 cement companies – UltraTech, Binani, Ramco, Jaiprakash Associates, JK Cement, Lafarge, India Cements, ACL, ACC, Century, Shree Cement, besides Cement Manufacturers’ Association (CMA) – for cartelisati..

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Coal ministry cancels two lignite blocks

The coal ministry has cancelled mining leases of two captive lignite blocks in Rajasthan allocated through screening committee to Binani Cement and Nandlal Enterprises.

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Tech in Cement

Cement consumption has charted a steady upward trend these past years. Consumption has increased from 166 mt in 2011 to 249 mt last year. On the back of key growth drivers, demand is expected to grow to 398 mt by 2017 and to 600 mt by 2025.

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Binani Cement debt may be turned into equity

Lenders to Binani Cement are planning to convert a total debt of Rs 3,000 crore in the company to equity.

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