Category Archives: cement

Shiva Cement Bonus Issue

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

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Larsen Toubro Bags order worth 1162 Crore

Larsen Toubro informed the market that they have bagged orders worth 1162 crore.
Order Details

>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 announces Trial Purchase order from Government of Singapore

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 .

Jaiprakash associates to build cement plant for SAIL

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

India Cements Results – India Cements announces Q2 FY0807 results

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.

ACC Ltd announces August sales figure

August 2007
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 declares Quarter Results – Have to say a Concreate Quarter Result

Net Profit
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
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.

Cement Company not to raise Prices for 1 year and will stick on to current Price.

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.

Cement Export might be Banned – Companies that will get affected due to this

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.