E-PaperCement Assets News
NCLT appoints administrator to take over Binani Cement
NCLT has rejected Binani Cement's argument that Bank of Baroda's application to initiate bankruptcy proceedings against it had technical flaws
2 min read26 Jul 2017Ramp-up of acquired plants to weigh on UltraTech Cement margins
Though acquisition of Jaiprakash Associates cement assets has boosted UltraTech Cement size, the latter's units operate at a high variable cost and at a relatively low capacity utilization of 50-55%
2 min read3 Jul 2017UltraTech-Jaypee cement deal closed in relief to banks
UltraTech Cement's acquisition of Jaiprakash Associates's cement assets marks the conclusion of the biggest 'stressed assets' resolution yet in the country
3 min read1 Jul 2017Orient Cement: Acquisition a near-term drag on earnings, stock price
The strategic acquisition of two Jaypee group assets is weighing on the Orient Cement stock and is expected to impact the latter's earnings in the near future
2 min read16 Jun 2017Jaypee, UltraTech Cement looking to seal Rs16,189 crore deal by July
The acquisition of Jaiprakash Associates cement assets will UltraTech Cement's production capacity by a third to 90.7 million tonnes per annum
2 min read22 May 2017Yes Bank, IndusInd bad loan provisions rise on exposure to Jaiprakash Associates
Yes Bank and IndusInd Bank's Q4 results showed surge in bad loans and provisions following RBI's new asset quality rules and exposure to Jaiprakash Associates
3 min read20 Apr 2017Nirma raises Rs4,000 crore debt to fund Lafarge India assets deal
According to people familiar with the matter, the money was raised by Nirchem, a special purpose vehicle created by Nirma for the buyout
1 min read15 Sep 2016ACC: Volume drop spoils strong operating show
ACC's share prices gave up its morning gains and closed lower even after reporting a 36.5% and 79% rise in operating profit and net profit in June quarter
2 min read27 Jul 2016As LafargeHolcim and UltraTech Cement achieve scale, paths diverge
LafargeHolcim to focus on consolidation and inorganic growth; UltraTech Cement to rebalance its existing capacities
3 min read26 Jul 2016UltraTech Cement: Cost control aids profits despite subdued realization
Cost benefits overshadowed the drop in realization, resulting in a 25% rise in operating profit in the June quarter
2 min read20 Jul 2016Popular Topics
Budget
The Union Budget contains details about the estimated receipts and the expenditure of the government for a particular fiscal year. The Budget is allotted for the upcoming fiscal year, which runs from 1st April to 31st March of the next year. Here is a quick guide on how the Union Budget is prepared