UltraTech Cement, part of the Aditya Birla Group, has posted a rise of 29 per cent in its net profit for the year ended March, 2008 at Rs 1,008 crore compared to Rs 782 crore in the previous financial year. The net sales of the company during FY08 grew to Rs 5,509 crore from Rs […]
Warning that the battle against inflation will fail if states do not join hands with the centre, Commerce and Industry Minister Kamal Nath today said the fresh offensive on price control may include a ban on forward trading and bringing steel under ESMA.
In an interview to CNN-IBN, Nath said,”If the states are not going to […]
To sign agreement for land with Altamira port next week.
The Aditya Birla group is close to signing a land deal with the port authority of Altamira, in eastern Mexico, to set up a carbon black plant with an investment of $150 million (Rs 600 crore).
“We may sign the agreement next week. The $150 million project […]
Concerned over the rising inflation, which touched 7.41 per cent, the government on Friday decided to ban export of cement.
The export is being banned to take care of mismatch between supply and demand of cement, Minister of Commerce and Industry Kamal Nath told reporters here.
The Directorate General of Foreign Trade (DGFT) will issue a notification […]
Bid to be submitted by mid-April.
Government-owned NMDC, India’s single largest iron ore producer and exporter, is in talks with Canada’s New Millennium Capital Corp (NML) for a $3.5 billion (Rs 14,000 crore) project to develop one of the world’s largest undeveloped low-grade (magnetite) iron-ore deposits.
Confirming this, Rana Som, NMDC chairman and managing director, said a […]
Maharashtra State Agri-produce Marketing Board (MSAMB) has promoted MahaOrange - an apex body of the state’s orange growers’ co-operative societies to boost production, processing, marketing and exports of oranges.
State minister for agricultural produce marketing Harsh Vardhan Patil said MahaOrange will lead and co-ordinate efforts to promote and market oranges on the lines of MahaGrape, MahaMango […]
Deccan Gold Mines Ltd expects to start gold production by end-2010 with the new mines policy likely to help the company speed up its expolaration activity, a company official said on Wednesday.
“There has been a lack of adequate exploration in India because of regulatory issues,” Sandeep Lakhwara, managing director of Deccan […]
ACC has lined up Rs 3,600 crore investment to augment capacity to 32 million tonne (MT) by 2010 from the present capacity of 22 MT per annum.
Sumit Banerjee, managing director, ACC, said: “We would take our capacity to 32 MT per annum by 2010 entailing an investment of Rs 3,600 crore. All the investment would […]
