THE SLIP IS BEGINNING TO SHOW: ACC
Article Abstract:
ACC has the capacity to produce over 10.1 million tonnes of cement per annum and accounts for more than 10 percent of the total capacity of the cement industry. The company's turnover decreased by 2.8 percent to Rs2,400 crore while net profit decreased by 83 percent to Rs13.44 crore in 1997-98 from Rs76.92 crore in 1996-97. The company sold its slag granulation unit for Rs14.9 crore in 1997-98 which increased its other income to Rs66.13 crore. The company's scrip is currently trading at Rs1,300. (khr)
Comment:
Cement co has cpty to produce over 10.1 mil tonnes of cement per annum & accounts for more than 10% of total cpty of cement ind
Publication Name: Economic Times
Subject: Business, international
ISSN: 0013-0389
Year: 1998
User Contributions:
Comment about this article or add new information about this topic:
CORE SECTOR FIRMS LIKELY TO PERFORM POORLY IN 1999
Article Abstract:
The power generation, coal, steel and cement sectors are likely to perform poorly in 1999-2000 if the Government of India does not step up public expenditure. The slowdown in the core sectors will in turn affect industrial growth in 1999-2000. The Railways will also be affected as coal, finished steel, raw material for steel plants, cement and fertilisers loading is likely to increase by only five million tonnes in 1999-2000. The coal companies have set a loading target of 209 million tonnes same as in 1998-99. (rk)
Publication Name: Economic Times
Subject: Business, international
ISSN: 0013-0389
Year: 1999
User Contributions:
Comment about this article or add new information about this topic:
SIGNS OF REVIVAL
Article Abstract:
The domestic cement industry is showing signs of revival with an aggregate output of 7.23 million tonnes in December 1998, which was 10.7 percent more than the output in November 1998. Despatches also increased by 8 percent to 7.18 million tonnes in December 1998 when compared to the previous month. Cement production had shown a growth of 4.4 percent at 57.6 million tonnes during April-December 1998 against 55.17 million tonnes in April-December 1997. (khr)
Publication Name: Economic Times
Subject: Business, international
ISSN: 0013-0389
Year: 1999
User Contributions:
Comment about this article or add new information about this topic:
- Abstracts: STATE BANK OF INDIA: VENTURING INTO NEW AREAS BANK OF INDIA GLOBAL TRUST BANK: BRIGHT OUTLOOK
- Abstracts: THE LAKSHMI VILAS BANK LTD: ONE MORE YEAR OF REMARKABLE PERFORMANCE CENTRAL BANK RECORDS Rs175-CR NET PROFIT
- Abstracts: RBI TAKES THE EXPORT ROUTE TO BOOST Re ONLY A FEW INVESTORS TAKE AUTO FDI ROUTE. FIPB CLEARS Rs570-CR PROPOSALS
- Abstracts: DECISION ON UREA TO HIKE FARM SUBSIDY SWC NETS PROFIT IN Q2. UP SETS UP DEDICATED ROAD FUND
- Abstracts: BNP OPENS 7TH INDIAN BRANCH IN CHENNAI CENTRAL BANK TO BUY MAJOR PART OF MSE BUILDING