UltraTech questions resolution process of Binani Cement
21/04/2018 , by in ALLIED

Aditya Birla group firm UltraTech Cement on Thursday told the Kolkata bench of NCLT that the process followed by the Resolution Professional and the Committee of Creditors while evaluating the bids for Binani Cement was "fraudulent". Appearing on behalf of UltraTech Cement, senior advocate... Read more...

ACC’s Q1 consolidated net profit up 18%
Apr 2018 , by in ALLIED

Cement and ready mixed concrete manufacturer ACC on Wednesday reported an increase of 18.48 per cent in its consolidated net profit for the quarter ended March 31, 2018.According to the company, its net profit during the quarter under review rose to Rs 250 crore from Rs 211 crore reported for the co... Read more...

Prism Cement Limited is now Prism Johnson Limited
Apr 2018 , by in ALLIED

Prism Cement Limited announced this week that the Company has changed its name to Prism Johnson Limited with effect from April 18, 2018. Mr. Vijay Aggarwal, Managing Director of the company informed, “To dispel the perception that Prism Cement Limited is only a cement company, the name of the Com... Read more...

NTPC wants to exit joint venture with BHEL
Apr 2018 , by in ALLIED

India's biggest power producer NTPC Ltd has decided to exit the joint venture with BHEL, saying it is not a manufacturer of equipment and would rather concentrate on setting up and operating power plants. NTPC-BHEL Power Projects Pvt Ltd was set up in December 2007 as a 50:50 joint venture for manu... Read more...

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