The fair trade regulator also granted its clearance to UltraTech Cement to acquire up to 26 per cent of the paid-up equity share capital of India Cements by way of an open offer,
Large cement companies have sufficient levers in terms of cost synergies and branding, which along with quality improvement and green energy usage, could lift realisations over time
Srinivasan assured employees that despite the change in ownership to UltraTech, led by Aditya Birla Group Chairman Kumar Mangalam Birla, it would be business as usual for them.
Srinivasan spoke to the CSK captain on Tuesday morning and congratulated him and his team for the "great victory".
The loss was primarily due to coal costs going from $60 to $300-plus. This affected the fuel cost directly, and indirectly, it pushed up the cost of packaging materials and the like.
VC & MD N Srinivasan sees the price, and not availability, of coal as a major issue, going forward.
South India’s largest cement producer posted a loss in the fourth quarter of FY22 as volumes dropped and production costs soared.
Managing director and vice-chairman of India Cements says that this year had looked promising until infra spending had to be put off and supply chains got disrupted.
Chennai Super Kings' valuation has purportedly crossed Rs 7200 crore, It is higher than the Rs 6410 crore of its erstwhile parent India Cements Ltd
The popularity of the team and its ‘Captain Cool’ would definitely trigger interest in countries like the US for franchise-based cricket, says India Cements boss.
With demand rising, improved utilisation could soften the impact of rising input costs, says India Cements MD
Company Managing Director and noted industrialist N Srinivasan told reporters that the COVID-19 factor has resulted in the cement industry seeing a 25 percent decline in March compared to last year, while capacity utilisation for the sector, as well as the company, was below normal levels.
Noted industrialist and India Cements Ltd, Vice-Chairman and Managing Director, N Srinivasan would represent the Cement Manufacturers Association in the talks with representatives of more than 10 labour unions.
A total penalty amount was Rs 121.56 crore has been slapped on the BCCI, its former boss N Srinivasan, ex-IPL commissioner Lalit Modi and others.
Srinivasan, who represented Tamil Nadu Cricket Association (TNCA), walked into the BCCI headquarters here this morning at around 10.45 am and came out of the meeting by 12.30 pm.
N Srinivasan, VC & MD, India Cements said although the demand for cement has not been significant yet, he is optimistic of seeing an increase in demand going forward.
N Srinivasan, the Vice-Chairman and MD of India Cements, has resigned from the boards of Vijay Mallya-promoted firms - United Breweries (Holding) Ltd and McDowell Holding Ltd.
Trade has found its own way post demonetisation, says N Srinivasan, VC & MD of India Cements.
CCI in its order imposed a penalty of Rs 6,715 crore on 11 cement companies, including India Cements Ltd and Cement Manufacturers Association, for cartelisation.
Indian industry is facing huge burden of indirect taxes, high cost of money and interest costs, India Cements Vice-Chairman and Managing Director N Srinivasan said.
N Srinivasan, Managing Director of India Cements expects a good monsoon to trigger the cement sector's growth and says south India region is likely to lead the cement demand rise.
N Srinivasan, former BCCI chief, had filed a petition seeking quashing of the case against him.
It was a year to forget, for Indian cricket's most controversial personality in recent times -- N Srinivasan. While 2015 sealed his fate within Indian cricketing circles, it also marked a premature end to his term as ICC Chairman
The decision was taken during the BCCI‘s 85th AGM meeting at its headquarters, here on Monday. Appointment of the ombudsman, or Ethics Officer, is one of the key changes that have been proposed in the BCCI's Memorandum of Rules and Regulations to be taken up at the AGM.
Tainted former IPL commissioner Lalit Modi on Monday accused his bete noire and current ICC chairman N Srinivasan of "shielding" the three players who are from Chennai Super Kings in the wake of his allegation that they were bribed by a business tycoon.