shift to gross calorific value method by Coal India for pricing its coal is seen pushing up cement prices.Cement producer Birla Corp’s production costs have risen by Rs8-10 per 50-kg bag, its chief financial officer P K Chand said.This may prompt Birla Corp and other cement makers to hike prices, Chand said, as the increase can be passed on to consumers during January-June when the demand is high.“Input...
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Bringing relief to the common man in the state, Himachal Pradesh government has reduced the price of cement bags and all three cement companies have agreed to decrease the price of a 50 kg cement bag by 25 rupees immediately.IN HIMACHAL Pradesh, all the three cement companies, ACC, Ambuja and Jaypee have agreed to reduce price of 50 kg cement bag by Rs. 25 with immediate effect, thereby providing great...
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Three cement majors Thursday reduced the price of cement by Rs.25 per bag in Himachal Pradesh, said Chief Minister Prem Kumar Dhumal....
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Competition Commission of India (CCI) has slapped a Rs 6,307-crore fine on 11 cement companies for price-fixing, in the largest-ever penalty ordered by the regulator.The CCI said the companies colluded to push prices higher by underutilising their plants and creating an artificial shortage.UltraTech Cement, part of the diversified Aditya Birla Group, Holcim-controlled ACC and Ambuja Cement, India Cements...
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Except in the east, cement prices are on a downward spiral across India, suggesting monsoon-time weak cycle has set in early this year.Dealers and industry sources said prices have corrected in the range of `5-15 per bag, or around 2%, of late as supply outstripped demand.The earlier price uptrend since February corrected from `314 per bag in mid-April to `308 per bag by April-end. A cement dealer...
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cement majors Thursday reduced the price of cement by Rs.25 per bag in Himachal Pradesh, said Chief Minister“Ambuja, ACC and Jaypee have agreed to reduce the price of 50 kg cement bag by Rs.25 with immediate effect. This will be a great relief to the consumers in the state,” Dhumal told reporters after a meeting of company functionaries here to rationalise the cement prices.The opposition Congress...
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Three cement majors Thursday reduced the price of cement by Rs.25 per bag in Himachal Pradesh, said Chief Minister Prem Kumar Dhumal."Ambuja, ACC and Jaypee have agreed to reduce the price of 50 kg cement bag by Rs.25 with immediate effect. This will be a great relief to the consumers in the state," Dhumal told reporters after a meeting of company functionaries here to rationalise the cement prices.The...
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DELHI/MUMBAI: Cement manufacturing companies have raised cement prices by Rs10-12 per bag in West Bengal, Bihar and Orissa regions, according to sources.Currently cement prices are at Rs 220-240 per bag in the eastern region. With monsoon season coming to an end, cement prices are expected to firm up going forward. In the last couple of months leading manufacturers have seen slowdown in sales which...
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Birla Corporation, a flagship company of the M.P. Birla Group, is mulling setting up its first overseas cement plant in Ethiopia, a top company official said here Thursday.The company has formed a wholly-owned subsidiary, Birla Corp. Cement Manufacturing Plc, in the African country and bagged the licence for limestone mining. It has also applied for a coal mining permit there, company chairman Harsh...
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B.K. Birla Group, Pranab Mukherjee, National Safety Awards (Mines)Two cement units of the B.K. Birla Group of Companies were today awarded for adopting innovative safety measures which have helped in curbing injuries and casualties.Kesoram Cement, situated at Basantnagar, Karimnagar district of Andhra Pradesh, has bagged the award for the years 2008 and 2010, while Vasavadatta Cement, situated in Gulbarga...
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