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India Cements Ltd News

This cement stock has almost doubled from June low; trades at new high

India Cements stock hit a new high of Rs 343.85, surging 6% in an otherwise volatile market. The stock has zoomed 50% since June 25.

This cement stock has almost doubled from June low; trades at new high
Updated On : 18 Jul 2024 | 12:24 PM IST

India Cements denies rumours of Rs 500 cr funding talks with BofA, Nomura

News report of funding talks emerged after UltraTech Cement announced its plans to acquire over 70 million shares in India Cements

India Cements denies rumours of Rs 500 cr funding talks with BofA, Nomura
Updated On : 01 Jul 2024 | 2:31 PM IST

India Cements soars 10% as UltraTech to buy 23% stake; up 26% in 2 days

UltraTech Cement's board has approved making a financial investment to purchase up to 70.6 million equity shares of The India Cements

India Cements soars 10% as UltraTech to buy 23% stake; up 26% in 2 days
Updated On : 27 Jun 2024 | 10:06 AM IST

Cement shares in demand; India Cements, Orient, JK Lakshmi rally up to 14%

After Lok Sabha Elections and Assembly elections in some States, the centre and States are expected to retain their focus on development agenda, India Cements had said on sector outlook.

Cement shares in demand; India Cements, Orient, JK Lakshmi rally up to 14%
Updated On : 26 Jun 2024 | 11:16 AM IST

F&O Insights: Grasim among 12 stocks with over 20% OI change in last 4 days

In the derivatives segment, stocks such as India Cement, GMR Infra, Chambal Fertilizers seem to have witnessed long unwinding in recent trading sessions owing to the sharp rally in share prices.

F&O Insights: Grasim among 12 stocks with over 20% OI change in last 4 days
Updated On : 21 Jun 2024 | 11:59 AM IST

India Cements' Q4 results: Loss shrinks to Rs 50.06 cr on improved sales

India Cements Ltd on Monday reported a narrowing of consolidated net loss to Rs 50.06 crore in the fourth quarter ended March 31, 2024, helped by improved sales volume. The company had posted a net loss of Rs 243.77 crore in the same quarter a year ago, India Cements Ltd said in a regulatory filing. Consolidated revenue from operations in the quarter under review was at Rs 1,266.65 crore as against Rs 1,485.73 crore in the corresponding period a year ago. "With the improved sales volume, India Cements Ltd could turn out a better operating performance and pared the losses for the fourth quarter under review," the company said. The cement and clinker volume for the fourth quarter was 24.36 lakh tonne as compared to 27.85 lakh tonne in the same period of the previous year, it added. Together with the profit arising from the sale of land, the company has made a cash profit of Rs.24 crore for the quarter despite the setback caused by the fall in selling prices of cement, the company ..

India Cements' Q4 results: Loss shrinks to Rs 50.06 cr on improved sales
Updated On : 20 May 2024 | 2:10 PM IST

UltraTech Cement buys grinding unit from India Cements, announces expansion

Aditya Birla group company UltraTech Cement has announced the acquisition of a grinding unit from India Cements for Rs 315 crore and said it will invest an additional Rs 504 crore to expand capacity of two units. In a stock exchange filing, UltraTech said its board has approved acquisition "of a grinding unit having installed capacity of 1.1 million tonnes per annum in addition to a captive railway siding at Parli, Maharashtra from The India Cements Limited... for a consideration of Rs 315 crores". The company said it has entered into an Asset Purchase Agreement with the seller. "This purchase will help the Company to strengthen its presence in the rapidly growing Maharashtra markets." Making a similar regulatory filing, The India Cements said out of the total consideration of Rs 315 crore (exclusive of taxes and levies), "Rs 307 crore will be received by the company shortly and the balance Rs 8 crore within nine months from the date of the agreement." The unit being sold had a ...

UltraTech Cement buys grinding unit from India Cements, announces expansion
Updated On : 21 Apr 2024 | 6:35 PM IST

India Cements Q3 result: Loss of Rs 16.5 cr due to subdued demand

India Cements reported a loss for the third quarter on Thursday, hit by subdued demand due to a slow down in construction activity ahead of elections and cyclone in some states

India Cements Q3 result: Loss of Rs 16.5 cr due to subdued demand
Updated On : 01 Feb 2024 | 1:44 PM IST

ED conducting searches at India Cements Ltd offices in Fema probe

The Enforcement Directorate has conducted searches at the offices of leading Chennai-based cement manufacturer-- India Cements Ltd.-- as part of a foreign exchange violation investigation, official sources said on Thursday. Two office premises in Chennai and one in Delhi were covered by the federal probe agency over the last two days, as per provisions of the Foreign Exchange Management Act (FEMA), the sources said. The probe pertains to the affairs of its associate company India Cements Capital Ltd (ICCL) and transfer of funds abroad worth about Rs 550 crore, they said. The role of some alleged dubious agents and directors are under the probe scanner of the ED, they said. An official comment from the company to a PTI query is awaited. Founded in 1946, the company said on its website that "while retaining cement over the years as its mainstay, India Cements has ventured into related fields like shipping, captive power and coal mining.

ED conducting searches at India Cements Ltd offices in Fema probe
Updated On : 01 Feb 2024 | 11:37 AM IST