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ACC, Ambuja shares fall as July-Sept earnings miss estimates

MUMBAI (Reuters) - Shares in Ambuja Cements Ltd and ACC Ltd fall after the cement makers reported lower-than-expected July-September earnings....
Source : Reuters India |
Category : Others

Expect Lafarge, ACC to merge into Ambuja: Ican Investment

Holcim is the parent company of Indian cement majors, ACC and Ambuja Cements. Lafarge was acquired by Holcim to create the world's biggest cement maker, with USD 44 billion of annual sales.Holcim is the parent company of Indian cement majors, ACC and Ambuja Cements. Lafarge was acquired by Holcim to create the world's biggest cement maker, with USD 44 billion of annual sales.Speaking to CNBC-TV18’s...
Source : Moneycontrol |
Category : Business

169 bags of low quality cement seized in Jammu

Police seized 169 bags of low quality cement from a shop in this winter capital of the state. Acting on a tip-off, police party last evening raided a cement shop of one Subhash Chander, resident of Talab Tillo and seized 169 bags of Ambuja and ACC Cement. The cement dealer was selling low quality cement as Ambuja and ACC Cement to make profits during the process, police said , adding that...
Source : Webindia123 |
Category : National

ACC, Ambuja shares fall as July-September earnings miss estimates

Shares in Ambuja Cements Ltd and ACC Ltd fell after the cement makers reported lower-than-expected July-September earnings.ACC and Ambuja are controlled by Switzerland's Holcim Ltd, the world's no.2 cement maker, which in July said it plans to restructure its Indian operations to cut costs.Shares in Ambuja Cements fell as much as 2.3 per cent after it posted a 45 per cent fall in net profit to Rs 166...
Source : Ndtv |
Category : Others | City : Mumbai

Commercial Land in Mandi H.O Mandi, India

Property attached to nh 21 in salapar village distt mandi near to midwayresort and acc cement factoryPlease...
Source : India Properties |
Category : Others | City : Udaipur

ACC to retain brand name after Holcim-Lafarge merger

Cement major ACC on Wednesday said its brand name will remain intact after its Swiss parent Holcim merges with the French major Lafarge.Lafarge and Holcim announced a global merger last Monday creating a $60 billion company which will be the largest cement maker in the world.Holcim holds a 50 per cent equity stake in ACC. The merged entity will become the largest cement producer in India with a capacity...
Source : Ndtv |
Category : Others

ACC, Ambuja Q2 net falls, see slow demand

Cement makers ACC Ltd and Ambuja Cements Ltdsaid on Wednesday they expected no speedy revival in demand after posting drops in quarterly profit.ACC and Ambuja are controlled by Switzerland's Holcim Ltd , the world's No.2 cement maker, which in July said it plans to restructure its Indian operations to cut costs.The companies have been hit by a slowdown in home building and infrastructure projects in...
Source : Ndtv |
Category : Others | City : Mumbai

Stock market live: Sensex up over 150 points, Nifty over 6150

Sensex ends 164 points higher at 20,700, Nifty closes above 6150 - the fifth gain in six sessions. A recovery in global markets allowed blue chips such as ITC to recover from falls in the previous session, while cement makers such as ACC surged on speculation of price hikes. ACC, Ultra Tech and Ambuja Cements rose over 5 per cent.IT and banking sectoral indices closed over 1 per cent higher. HCL Tech...
Source : Ndtv |
Category : Others

ACC likely to buy Jaypee's stake in two cement JVs with SAIL: report

Cement maker ACC is likely to buy Jaiprakash Associates Ltd's (JAL's) 74 per cent stake in two separate cement joint ventures with state-owned steel maker Steel Authority of India (SAIL).The Swiss building material major Holcim-controlled ACC has been in talks with the debt-ridden Jaiprakash Associates for quite some time and an announcement in this regard including the consideration is likely to be...
Source : Ndtv |
Category : Others

ACC posts 9.7% rise in Q4 profit

Cement maker ACC Ltd's consolidated net profit for October-December quarter rose by 9.7 per cent to Rs 275.71 crore.The consolidated profit in 2013 remained almost flat at 1,094.67 crore as a result of lower realisations amid sluggishness in the domestic market, ACC said in a release.The second largest cement maker in the country, where an over-capacity situation has been prevailing for long time now,...
Source : Ndtv |
Category : Others