Breaking News Events and Latest News Updates on The Economic Times.) Sorry, there are no blogs for your search. We have updated our terms and conditions and privacy policy 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 ⦠iStock Promoters held 37.4 per cent stake in the company as of June 30, 2020, while FIIs held 3.1 per cent, ⦠Stopping the Star Wars museum is not one of them. We have various options to advertise with us including Events, Advertorials, Banners, Mailers, Webinars etc. Stock Market News: Latest Stock news and updates on The Economic Times. New Delhi: CK Birla Group firm Orient Cement on Thursday said it would acquire 26 per cent stake in AMPSolar Systems for Rs 4.5 crore. ET NOW was the first to report the development. The deal has been terminated as both parties failed to complete the transactions within the stipulated 12 months time, according to regulatory filings. ROCE (%) Definition It is a financial ratio that measures a companyâs ... Orient Cement Limited CIN:L26940OR2011PLC013933 Floor, 25, Barakhamba Road, New Delhi-110 001 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. NEW DELHI: Cement industry players have closed down operations across all their locations due to the Covid-19 scare. Download The Economic Times News App to get Daily Market Updates & Live Business News. NEW DELHI: CK Birla Group firm Orient Cement Ltd today said it would acquire two entities, Bhilai Jaypee Cement and Nigrie Cement Grinding Unit, from Jaypee group firms for a total consideration of Rs 1,946 crore. Click "Continue" to accept and continue with ET RealEstate. Latest News: Get all the latest India news, ipo, bse, business news, commodity, sensex nifty, politics news with ease and comfort any time anywhere only on Moneycontrol. Orient Cement Ltd. is a mid-sized (8 metric tonne capacity) cost-efficient player in the cement space. The Press Trust of India has reported that AMPSolar Systems is establishing a 13.5MW solar power plant in Maharashtra, where Orient Cement operates an integrated cement plant. Powered by Capital Market - Live News Maharashtra cabinet approves 50% reduction in premium for real estate projects under the new DCPR rule 2034 across the board for on-going and new projects upto December 31, 2021. All Rights Reserved. It had posted a net profit of Rs 61.98 crore in January-March a year ago, Orient Cement said in a BSE filing. 15 Ensuring a safe and healthy office space as we return to work, Uttar Pradesh government clears tenancy law to reduce owner-renter row, Yes Bank case: No bail for DHFL promoters from Mumbai metropolitan court, DHFL case: 63 Moons seeks Rs 30,000 crore payback to NCD, FD holders, Piramal Group claims its bid for DHFL highest and compliant with norms, Sebi asks how Oaktree made credit rating claims of future debt instrument in DHFL case, Phoenix Mills records 192% sequential growth in Q3 retail malls consumption, MahaRERA asks Conoor Builders to pay buyer Rs 60 lakh for delay, Ordinance to create Tadigadapa municipality comes as surprise, Manesar civic body divided into seven zones for better governance, PE investments into real estate up a tad in first 9 months, MahaRERA dismisses investor's plea against builder, Ultratech Cement profit dips by 53% in Q2 2017, DB Realty to raise stake in DB (BKC) Realtors, Now, register your property online in Noida and Greater Noida, Milestone Capital looks to raise up to Rs 1,000 crore to invest in warehousing, Amazon leases 4.5 lakh sq ft of office space in Chennai, LIC Housing withdraws NCLT plea against DB Realty, Moody's confirms Lodha's B2 rating; outlook stable, Citibank sells Chennai land to TIL Healthcare for Rs 80 crore, Embed ETRealty.com Widgets on your Website. 125000+ Industry Leaders read it everyday. According to Crisil research, the cement industry growth is expected to halve in FY21 from 5-6% to 2-3%. 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). Sharp Insight-rich, Indepth stories across 20+ sectors, Access the exclusive Economic Times stories, Editorial and Expert opinion. Brand, Economic Times Architecture & Design Summit. 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. NEW DELHI: Most cement stocks were trading in the green in Tuesday's afternoon session. Established in 1979, Orient Cement was formerly, a part of Orient Paper & Industries. 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 Mondayâs closing price. Trump said canceling $110 billion in arms sales would only mean that Saudi Arabia would go to other countries to acquire them. 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. Orient Cement News - Get the Latest Orient Cement News, Announcements, Photos & Videos on The Economic Times. 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. Add Comment. Please review and accept these changes below to continue using the website.You can see our privacy policy & our cookie policy. India: Orient Cement has entered into a share purchase, subscription and shareholderâs agreement with AMPTechnology and AMPSolar Systems. Why real estate could be a force multiplier for the Indian economy in 2021? Why follow tips? Find Stock Market Live Updates, BSE, NSE Top Gainers, Losers and more. Total standalone income of the company rose by 11 per cent to Rs 445 crore in April-September quarter this fiscal from Rs 400 crore during the same quarter in 2015-16. Never miss a great news story! It isnât so, no matter how many times Fox news tells us so. Friends of the Park has waged some important fights in the past. 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 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. 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. C.K. India Business News: New Delhi, Feb 8 CK Birla Group firm Orient Cement Friday reported a lower net loss of Rs 13.70 crore in the third quarter ended December 2018 comp Download The Economic Times News App to get Daily Market Updates & Live Business News. Follow @ETRealty for the latest news, insider access to events and more. Copyright © 2021 ETRealty.com. Also, find top stories and latest updates on Orient Cement ... 2 months ago ⢠Economic Times. +Includes DocuBay and TimesPrime Membership worth ₹1499 & ₹999 resp. Feb 11, 2019 12:02 PM IST Includes DocuBay and TimesPrime Membership worth ₹1499 & ₹999 resp. Orient Cement began cement production in the year 1982 at Devapur in Adilabad District, Telangana. Orient Cement reports net loss of Rs 5.67 crore in Q3 FY20. 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. See more ideas about Chicago, Rent, Home. Orient Cement, India Cement and Ambuja Cement have temporarily suspended its operations at various locations. It will acquire a 26% stake in the latter for around US$0.6m. 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 ⦠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. 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