NEW DELHI: Cement industry players have closed down operations across all their locations due to the Covid-19 scare. Find Stock Market Live Updates, BSE, NSE Top Gainers, Losers and more. Get ETRealty's top stories every morning in your email inbox. Orient Cement Ltd.: Orient Cement gains 5% as analysts upgrade earnings post its June quarter performance - The Economic Times Stay up-to-date with All the Cement Industry News | Orient Cement - The Leading Cement Manufacturer in India Press Coverage | Orient Cement - The Leading Cement Manufacturer in India. According to Crisil research, the cement industry growth is expected to halve in FY21 from 5-6% to 2-3%. The enterprise value for the Bhilai asset is US$98/t and the Nigri unit is US$37/t. Your Reason has been Reported to the admin. NEW DELHI: Most cement stocks were trading in the green in Tuesday's afternoon session. NEW DELHI: Orient Cement today reported a standalone net loss of Rs 29.4 crore for the quarter ended September 30, 2016, against a net profit of Rs 28 crore in the year-ago period. India Business News: New Delhi, May 5 CK Birla Group firm Orient Cement today reported a 10.55 per cent decline in net profit to Rs 16.52 crore for the fourth quarter e C.K. iStock Promoters held 37.4 per cent stake in the company as of June 30, 2020, while FIIs held 3.1 per cent, … Includes DocuBay and TimesPrime Membership worth ₹1499 & ₹999 resp. Friends of the Park has waged some important fights in the past. BENGALURU: Merger talks between wind energy companies IL&FS Wind Energy and Shriram Group’s Orient Green Power have hit a roadblock because wind energy tariffs have plunged in auctions conducted after the negotiations began early this year, people close to the development said. India Business News: New Delhi: The CK Birla group-owned Orient Cement said on Thursday that it will acquire a 74% stake in a cement joint venture of debt-laden Jaiprakash. Orient Cement currently trades at a replacement cost of Rs 2.2 billion/mt sharply lower due to the reaction to the current weakness followed by the Covid-19 pandemic, which according to the brokerage is overdone. AMPSolar Systems was incorporated on May 17, 2020 and is a step-down subsidiary of AMP Energy India Pvt Ltd. AMPSolar Systems has been formed for the purpose of setting up a solar power project in Maharashtra, in terms of the regulatory requirement for … Reason why educators are using this for assessment, Buy Star Cement, target price Rs 125: ICICI Direct, Hold Ambuja Cements, target price Rs 280: ICICI Direct, Buy The Ramco Cements, target price Rs 1000: ICICI Direct, Buy Muthoot Finance, target price Rs 1470: ICICI Direct, Buy ITC, target price Rs 219.8: ICICI Direct. Orient Cement has entered into Share Purchase, Subscription and Shareholder's Agreement with AMPSolar Technology and AMPSolar Systems on 03 December 2020 for acquisition of 26% stake in the share capital of AMPSolar Systems for putting up the solar power plant with capacity of 13.5 MW, under Captive Scheme. India: Jaypee Cement is seeking approval from the Ministry of Coal to return two captive coal blocks, which it previously won by auction in 2015. UltraTech Cement, Shree Cement, Ramco, JK Lakshmi Cement, and Orient Cement are expected to report higher realisations of at least 4% in FY20. Total income during the quarter under review stood at Rs 567.14 crore, down 1.32 per cent compared to Rs 574.76 crore reported in the year-ago period, Orient Cement said in a BSE filing. 6 ANNUAL REPORT 2016-17 ORIENT CEMENT LIMITED 7. Orient Cement reports net loss of Rs 5.67 crore in Q3 FY20. Sorry, there are no blogs for your search. The company has told the ministry that it does not require the coal blocks as it has sold off the attached cement plants, a ministry official told the Economic Times … Never miss a great news story! Orient Cement acquired Jaiprakash Associates' 2.1Mta cement plant at Bhilai and 2Mta grinding unit at Nigri. The deal has been terminated as both parties failed to complete the transactions within the stipulated 12 months time, according to regulatory filings. Considering the once-concrete pad This will alert our moderators to take action. Click "Continue" to accept and continue with ET RealEstate. Orient Cement Ltd., incorporated in the year 2011, is a Small Cap company (having a market cap of Rs 1835.62 Crore) operating in Cement sector. Download The Economic Times News App to get Daily Market Updates & Live Business News. Brand, Economic Times Architecture & Design Summit. We have updated our terms and conditions and privacy policy Orient Cement Ltd.’s Q2 FY21 Ebitda at Rs 1.13 billion (more than doubled YoY) was ahead of our/consensus estimates led by lower costs.Total cost/tonne declined 4% YoY owing to strict cost control and better efficiencies; while realisation increased 13% YoY leading to 2.6 times increase in Ebitda/tonne to Rs 1,109/tonne (our estimate Rs1,028/tonne).Volumes declined 18% YoY, broadly in … India: Orient Cement has entered into a share purchase, subscription and shareholder’s agreement with AMPTechnology and AMPSolar Systems. It was demerged in the year 2012 and since then, it has emerged as one of the fastest growing and leading cement manufacturers in India. Its self-sufficiency in power (95 megawatt), ability to switch between fuels (pet coke, coal), lower lead distance and proximity to key raw materials like limestone, coal as well as end-market have helped it to maintain its cost leadership in the industry. It had posted a net profit of Rs 61.98 crore in January-March a year ago, Orient Cement said in a BSE filing. Revenue from operation was down 12.82 per cent to Rs 654.52 crore in the latest quarter as against Rs 750.81 crore in the corresponding period of 2018-19. 15 Orient Cement Ltd. is a mid-sized (8 metric tonne capacity) cost-efficient player in the cement space. It has assigned replacement cost of Rs 3 billion/mt March 2022E capacities to arrive at a fair value of Rs71/sh (earlier Rs72/sh). Why follow tips? Get In touch with us; Orient Cement Limited CIN: L26940OR2011PLC013933 5-9-22/57/D, 2nd, 3rd & 4th Floor, G P Birla Centre, Adarsh Nagar,Hyderabad, Birla Group firm Orient Cement on Monday reported an over fourfold jump in its net profit to ₹61.98 crore for the fourth quarter ended March 2019. ECONOMIC TIMES Orient Cement gains 5% as analysts upgrade earnings post its June quarter performance 04-08-2020 The stock of one of the well-placed small-sized cement company Orient Cement was trading little over 5% higher than its Monday’s closing price. Orient Cement's total income rose 21.14 per cent to Rs 754.89 crore during the quarter under review as against Rs 623.13 crore in the corresponding quarter last year. Orient Cement News - Get the Latest Orient Cement News, Announcements, Photos & Videos on The Economic Times. - Jack - Monday, Mar 18, 13 @ 12:57 pm: Maybe Quinn was referring to those ghost employees that Tollway is so fond of hiring. Stopping the Star Wars museum is not one of them. ET NOW was the first to report the development. 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