Madras Cements

Cement manufacturer India Cements said on Monday that its board will consider a proposal to raise Rs 500 crore from investors.

Ramco Cements Ltd, formerly Madras Cements Ltd, on Thursday reported an about five-fold jump in its standalone net profit at Rs 89.71 crore for the second quarter ended September 2014, on the back of cost reduction and improved realisation.

The Competition Appellate Tribunal today adjourned hearing on the plea of 11 cement companies seeking stay on Rs 6,307 crore penalty imposed by fair trade regulator CCI on the grounds of cartelisation.

India's cement industry will witness a sharp recovery in cement prices in fiscal 2013-14, on improving supply-demand dynamics and the government action to fast track infrastructure projects, analysts say.

CCI keeps gathering information on issues related to cartelisation and if prima facie case is found, then it takes up the issue for further investigation, Minister of State for Corporate Affairs R P N Singh informed the Parliament.

Eleven cement companies will have to pay in excess of Rs 6,000 crore in penalties.

Commenting on the order, Balbir Singh, Partner, DSK legal said that it is a very big dent to the cement industry.

The 11 cement firms will have to pay 0.5 times of their profit for the year 2009-10 and 2010-11.

UltraTech has received environmental clearance for its expansion plans for two of its plants in Madhya Pradesh.

Here is your five-point cheatsheet on the whole issue ahead of the announcement by CCI.

The penalty is likely to be in the range of 8-10% of past three year’s average turnover and may amount to Rs 3,000 crore.

Madras Cements Ltd has informed BSE that the Register of Members & Share Transfer Books of the Company will remain closed from August 04, 2011 to August 10, 2011 (both days inclusive) for the purpose of Payment of Dividend & Annual General Meeting (AGM) of the Company to be held on August 10, 2011.

Madras Cements Ltd has informed BSE that the Board of Directors of the Company at its meeting held on May 25, 2011, inter alia, has approved payment of dividend of Rs. 1.25 per share for the year 2010-11.

Board meeting on 02 August 2010 The board meeting of Madras Cements will be held on 02 August 2010 to consider the unaudited financial results for the quarter ended 30 June 2010 (Q1).

Of 50%The board of Madras Cements in its meeting on 24 May 2010 has recommended final dividend at the rate of Rs 0.50 per share (50%) for the year 2009-10.

Cement manufacturer India Cements said on Monday that its board will consider a proposal to raise Rs 500 crore from investors.

Ramco Cements Ltd, formerly Madras Cements Ltd, on Thursday reported an about five-fold jump in its standalone net profit at Rs 89.71 crore for the second quarter ended September 2014, on the back of cost reduction and improved realisation.

The Competition Appellate Tribunal today adjourned hearing on the plea of 11 cement companies seeking stay on Rs 6,307 crore penalty imposed by fair trade regulator CCI on the grounds of cartelisation.

India's cement industry will witness a sharp recovery in cement prices in fiscal 2013-14, on improving supply-demand dynamics and the government action to fast track infrastructure projects, analysts say.

CCI keeps gathering information on issues related to cartelisation and if prima facie case is found, then it takes up the issue for further investigation, Minister of State for Corporate Affairs R P N Singh informed the Parliament.

Eleven cement companies will have to pay in excess of Rs 6,000 crore in penalties.

Commenting on the order, Balbir Singh, Partner, DSK legal said that it is a very big dent to the cement industry.

The 11 cement firms will have to pay 0.5 times of their profit for the year 2009-10 and 2010-11.

UltraTech has received environmental clearance for its expansion plans for two of its plants in Madhya Pradesh.

Here is your five-point cheatsheet on the whole issue ahead of the announcement by CCI.

The penalty is likely to be in the range of 8-10% of past three year’s average turnover and may amount to Rs 3,000 crore.

Madras Cements Ltd has informed BSE that the Register of Members & Share Transfer Books of the Company will remain closed from August 04, 2011 to August 10, 2011 (both days inclusive) for the purpose of Payment of Dividend & Annual General Meeting (AGM) of the Company to be held on August 10, 2011.

Madras Cements Ltd has informed BSE that the Board of Directors of the Company at its meeting held on May 25, 2011, inter alia, has approved payment of dividend of Rs. 1.25 per share for the year 2010-11.

Board meeting on 02 August 2010 The board meeting of Madras Cements will be held on 02 August 2010 to consider the unaudited financial results for the quarter ended 30 June 2010 (Q1).

Of 50%The board of Madras Cements in its meeting on 24 May 2010 has recommended final dividend at the rate of Rs 0.50 per share (50%) for the year 2009-10.