Amid the gloomy GDP print; however, what is noteworthy is that the government spending rose sharply to 15.6 per cent during the quarter, as against 8.8 per cent in 1QFY20.
Analysts at Anand Rathi say that with fresh capacities coming up and prices in the East rising, they expect volume and revenue growing well over FY19-21
In recent years, cement companies like Birla Corporation have also taken a similar path - come up with a flagship brand as part of its plans to become a national player
From Adani Group's plans to invest Rs 18,000 crore in airport business to Wipro promoting over 5,000 employees to check attrition rate, here are the top 10 business headlines on Monday
The Murli Cement deal, which comes Riders, will establish the Company's presence in Maharashtra; firm has started process of acquiring land for new plant in Rajasthan
The company registered a consolidated revenue of Rs 2,285 crore in the July-September period, over Rs 2,173 crore in the year-ago quarter
The brownfield expansion in east India involves increasing the capacity in its West Bengal plant from 1.3 mtpa to 4 mtpa and in its Rajgangpur plant by another 3 mtpa
Earlier, only Dalmia Bharat was in the fray for the acquisition
The company's June quarter performance was good despite soft volume growth on demand woes
Dalmia OCL is India's second-largest refractory company with a production capacity of 250,000 tonnes per annum
Curing refers to the process and time taken to maintain the correct moisture level in concrete to achieve the desired strength and durability
Firm secures mining rights, to set up plant with 4 mtpa capacity
As the Binani Cement case enters the Supreme Court, it marks the last phase of this takeover battle between UltraTech and Dalmia Bharat raging for 16 months now
The Aditya Birla Group firm has not only paid the financial lenders of debt-ridden Binani but also its operational creditors
Dalmia Bharat had been adamant on its acquisition plan for Binani Cement
Dalmia Cement has approached SC to declare UltraTech Cement ineligible to bid
As per the Tribunal, the spirit and objective of IBC is maximisation of value
Successful acquisitions could transform it into a pan-India cement player
Interestingly, in the first round of bids for Binani Cement, JSW Cement had emerged the highest bidder
The stock up 3% at Rs 1,526 after the company reported 76% YoY rise in net profit at Rs 92 crore for Q1FY17,