Shiva Cement Ltd has informed the market that on the Extra Ordinary General Meeting (EGM) held on November 29, 2010 have approved the following :-
1. Bonus Issue in the ratio of 1:10 (i.e., one equity share for every ten equity shares held on the record date).
2. Preferential Issue of upto 11.1 Mill. Equity Share Warrants to Promoter’s Group at a price of Rs. 11/- per warrant convertible into Equity Shares of Rs. 2/- each at a premium of Rs. 9/- per share
Shiva Cement Ltd informed the market that in the meeting that was held on 30/10/2010 it has Approved issue of Bonus share in the ratio 1:10 i.e. one bonus share of Rs.2/- each for 10 no. of equity shares held by the shareholders on the record date.
Chartered Logistics Ltd has informed the market that the company has bagged contract from M/s. Shree Digvijay Cement Co. Ltd. which is a leading cement manufacturer , they have given order for transportation of Cement and other product w.e.f. January 01, 2010.
Larsen Toubro informed the market that they have bagged orders worth 1162 crore.
>First order worth Rs 605 crore was bagged from Andhra Pradesh Rajiv Swagruha Corporation for construction of a township comprising 3517 flats at Bachupally in Hyderabad. Execution time for the project is 2 years.
>Second order valued at Rs 557 crore bagged from two major players for the construction of cement plants and other strategic factory buildings.
Bartronics India Ltd has informed the market that Bartronics Asia Pte one of the subsidiary of Bartronics India Ltd has won order for a Trial Purchase supply of RFID tags from the Government of Singapore – Housing and Development Board. The tags manufactured in India by Bartronics India Ltd have undergone strict quality checks by the Singapore Government before the order has been released. The initial order for 48000 tags is expected to be enhanced continuously and will be used in precast concrete slabs used in public housing. The RFID tags will enable accurate identification during the quality process of the concrete slabs before they are released by the government for construction purposes. This will give lead over to other projects in Singapore now .
Niraj Cement Structural which saw highest volumes in the sensex , opened at 185 and then went to a low of 167 and saw a high of 197 or so closed at 190 or so .
Prism Cement net profit rises 16.01% to Rs 64.36 crore in the qtr end mar 2008 compared to 55.48 crore during prev Qtr end March 2007. Sales rose 13.24% to Rs 228.66 crore in the qtr end mar 2008 compared to 201.92 crore during prev Qtr end March 2007.
Continue reading Prism Cement results – announces Qtr End March 2008 results
Jaiprakash Associates Ltd went up today by 7 percent after it informed the market that has informed the market that the Company has signed the Shareholders’ Agreement with Steel Authority of India Ltd (SAIL) for setting up of 2.1 MTPA capacity slag-based Cement Plant at Bokaro Steel City, Jharkhand in Joint Venture through a Special Purpose Vehicle to be incorporated for the purpose
Andhra Cements rose 468.22% to Rs 18.24 crore in December quarter of 2007 as compared to Rs 3.21 crore in the QOQ of December 2006. Sales rose 73.46% to Rs 89.75 crore in December quarter of 2007 as compared to Rs 51.74 crore in the QOQ of December 2006.
UltraTech Cement rose 31.55% to Rs 279.49 crore in Qtr Dec 2007 compared to Rs 212.46 crore QOQ in Dec 2006. Sales rose 9.65% to Rs 1382.14 crore in Qtr Dec 2007 compared to Rs 1260.45 crore QOQ in Dec 2006.
Zuari Industries net profit rose 152.41% to Rs 30.92 crore in Dec 2007 Qtr compared to Rs 12.25 crore during the previous quarter ended December 2006. On the sales side it rose 12.40% to Rs 720.38 crore in Dec 2007 Qtr compared to Rs 640.91 crore during the previous quarter ended December 2006.
India Cements net profit rose 59.25% to Rs 127.05 crore in Dec 2007 Qtr compared to Rs 79.78 crore during the previous quarter ended December 2006. On the sales side it rose 56.19% to Rs 737.85 crore in Dec 2007 Qtr compared to Rs 472.41 crore during the previous quarter ended December 2006.
Shree Cements announced its Q3 FY08 result. It has posted standalone net profit of Rs 35 crore versus Rs 104 crore on YoY basis.During the same period, the company’s standalone net sales were seen up at Rs 523.6 crore versus Rs 364.5 crore, YoY.
Prism Cement has announced its Q2 of current financial year 2008 ,It has reported net profit of Rs 64.4 crore versus Rs 50 crore on the YoY basis. The company in the same quarters, reported net sales of Rs 228 crore versus Rs 190 cr, YoY.
Madras Cement has reported standalone net profit of Rs 120.9 crore for the quarter ended September 2007 as against Rs 90.1 crore in corresponding quarter of last year. Standalone net sales increased to Rs 500.2 crore from Rs 407.3 crore.The stock is currently trading at 4033 rs.
India cement announces a net profit of Rs 2226.50 million for the quarter ended September 30, 2007 where as the same was at Rs 1173.20 million for the quarter ended September 30, 2006. Total Income is Rs 8960.90 million for the quarter ended September 30, 2007 where as the same was at Rs 5915.00 million for the quarter ended September 30, 2006.We can see a huge increase in sales and profit this is die to the inclusion of Visaka Cement Industry Ltd accounts included into India cements account,so we cant really compare it to the QTR previous figure.
UltraTech cement in Q2 FY08 has announced a net profit of Rs 186 cr versus Rs 127 cr in the same quarter previous year. During the same QTR, its net sales were up at Rs 1173 crore versus Rs 1004 crore, YoY.
Ambuja Cements has posted growth of 19% in its net profit to Rs 292.5 crore for the quarter ended September versus Rs 244.6 crore in corresponding quarter of last year.Better than ACC but not sure how the market is going to take this.
Prism Cements September quarter, 07 net profit was up at Rs 51.8 crore versus Rs 22.15 crore on YoY basis. During the corresponding quarters, its net sales were up at Rs 193.09 crore versus Rs 159.46 crore.
Cement production: 1.60 million tonnes VS Cement production: 1.33 million tonnes (2006)
Cement despatches: 1.57 million tonnes VS Cement despatches: 1.37 million tonnes (2006)
Cumulative – January – August 2007
Cement production: 13.44 million tonnes vs Cement production: 12.48 million tonnes (2006)
Cement despatches: 13.42 million tonnes vs Cement despatches: 12.46 million tonnes (2006)
We can see a 1 Million tonne increase in Production.All the Cement stocks where in lime light today after news of ioncrease in cement price.
ACC Company has posted a profit after exceptional items & provision for taxation of Rs 3512.40 million for the quarter ended June 30, 2007 where as the same was at Rs 4132.40 million for the quarter ended June 30, 2006.
Total Income (net of excise) is Rs 18962.50 million for the quarter ended June 30, 2007 where as the same was at Rs 14810.10 million for the quarter ended June 30, 2006.
BURNPUR CEMENT LIMITED is one of the most reputed and large integrated private sector cement companies. The events leading to the establishment of the Company had their origin in the 1980’s. Incorporated under Company’s Act, the Organisation started with the name Ashoka concrete & Allied Industries Pvt. Ltd., with the brand name “BURNPUR CEMENT
Manoj Gaur, MD of JP Associate and Chairman of Cement Manufacturing Association of India said the cement companies have promised that there would be no price hikes for the next 1 year. They are ready to hold prices as a contribution from cement industry. We will also hold current price line.
There has been no discussion on the Excise Duty rollback with Commerce Minister. Also there has been no undertaking by the government to reduce excise. Prevailing prices will remain stagnant for one year.All Cement shares took a Hit today because of this decision.
Industry Minister Kamal Nath said on Wednesday government may consider banning cement exports if such a move could bring down prices.
A ban on cement export will hurt UltraTech Cement and Gujarat Ambuja Cements, the two top cement exporters.Some of the figures shown here
Export order of UltraTech Cement was Rs 460.66 crore in FY 2006 (year ended 31 March 2006), 13.9% of its net sales of Rs 3302.83 crore in that year.
Gujarat Ambuja Cements value of exports was Rs 514.61 crore, 8.2% of its net sales of Rs 6214.16 crore in FY 2006 (year ended 31 December 2006).
India Cements value of exports was Rs 64.76 crore in FY 2006, 4.2% of its net sales of Rs 1541.75 crore.
More info coming soon.
ACC Ltd has informed BSE that the Company’s production and despatch figures for the month of February 2007, are as follows:
February 2007:Cement production: 1.45 million tonnes,Cement despatches: 1.42 million tonnes
February 2006:Cement production: 1.54 million tonnes,Cement despatches: 1.53 million tonnes