It isn’t so, no matter how many times Fox news tells us so. Get ETRealty's top stories every morning in your email inbox. 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. 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. Also, find top stories and latest updates on Orient Cement . Tomorrow is different. Brand, Economic Times Architecture & Design Summit. 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. 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 … NEW DELHI: In a setback to crisis-hit Jaypee group, the CK Birla Group firm Orient Cement has terminated its Rs 1,946-crore deal to acquire Jaiprakash Associates Ltd's (JAL) two firms -- Bhilai Jaypee Cement and Nigrie Cement Grinding Unit. 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 … Download The Economic Times News App to get Daily Market Updates & Live Business News. Copyright © 2021 Bennett, Coleman & Co. Ltd. All rights reserved. Days Trial The acquisition will, however, help the company's geographical diversification, reports the Economic Times. 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. Jul 23, 2018 - Explore Chay Spaniol Illinos Realtor's board "Chicago Homes" on Pinterest. Please review and accept these changes below to continue using the website.You can see our privacy policy & our cookie policy. It had posted a net profit of Rs 61.98 crore in January-March a year ago, Orient Cement said in a BSE filing. Orient Cement delivered good Q2 numbers with a big jump in operating profit. According to Crisil research, the cement industry growth is expected to halve in FY21 from 5-6% to 2-3%. 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. The deal has been terminated as both parties failed to complete the transactions within the stipulated 12 months time, according to regulatory filings. The enterprise value for the Bhilai asset is US$98/t and the Nigri unit is US$37/t. The scheme will be completely online through newly-developed AWAAS software of the Delhi Development Authority (DDA) from processing of application to possession of flats, a senior official said. Orient Cement, India Cement and Ambuja Cement have temporarily suspended its operations at various locations. Get Orient Cement Ltd news and stories on Tickertape. All Rights Reserved. It will acquire a 26% stake in the latter for around US$0.6m. We use cookies to ensure the best experience for you on our website.If you choose to ignore this message, we'll assume that you are happy to receive all cookies on ET RealEstate. Orient Cement News - Get the Latest Orient Cement News, Announcements, Photos & Videos on The Economic Times. Orient Cement reports net loss of Rs 5.67 crore in Q3 FY20. Buy Orient Cement… The company had reported a … 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, 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. 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. 15 Find Stock Market Live Updates, BSE, NSE Top Gainers, Losers and more. Download The Economic Times News App to get Daily Market Updates & Live Business News. Let's reshape it today, Hunt for the brightest engineers in India, Read Stock Insights by ET for a quick analysis. C.K. See more ideas about Chicago, Rent, Home. Why follow tips? Aditya Birla Sun Life Tax Relief 96 Direct-Growt.. Mirae Asset Emerging Bluechip Fund Direct-Growth, Buy Orient Cement, target price Rs 105: ICICI Direct. Copyright © 2021 ETRealty.com. This will alert our moderators to take action. NEW DELHI: Cement industry players have closed down operations across all their locations due to the Covid-19 scare. Orient Cement Ltd. is a mid-sized (8 metric tonne capacity) cost-efficient player in the cement space. 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. 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. Includes DocuBay and TimesPrime Membership worth ₹1499 & ₹999 resp. NEW DELHI: Most cement stocks were trading in the green in Tuesday's afternoon session. 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. Breaking News Events and Latest News Updates on The Economic Times.) 125000+ Industry Leaders read it everyday. 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. ET NOW was the first to report the development. 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. 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 … - Jack - Monday, Mar 18, 13 @ 12:57 pm: Maybe Quinn was referring to those ghost employees that Tollway is so fond of hiring. Follow @ETRealty for the latest news, insider access to events and more. Considering the once-concrete pad 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. Sorry, there are no blogs for your search. ROCE (%) Definition It is a financial ratio that measures a company’s ... Orient Cement Limited CIN:L26940OR2011PLC013933 Floor, 25, Barakhamba Road, New Delhi-110 001 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 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. 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). Orient Cement's profit down 29% to Rs 44 crore in Q4 FY20 NEW DELHI: C K Birla Group firm Orient Cement on Friday reported 29 per cent fall in net profit at Rs 44.06 crore for the quarter ended March 31, 2020, due to lockdown. Choose your reason below and click on the Report button. Sharp Insight-rich, Indepth stories across 20+ sectors, Access the exclusive Economic Times stories, Editorial and Expert opinion. Stock Market News: Latest Stock news and updates on The Economic Times. Orient Cement's profit down 29% to Rs 44 crore in Q4 FY20, Orient Cement, Ambuja Cement & India Cement suspend operations due to Covid-19, Orient Cement reports net loss of Rs 5.67 crore in Q3 FY20, Orient Cement reports net loss of Rs 7.70 crore in Q2 FY20, Orient Cement reports profit of Rs 55.89 crore in Q1 FY20, Cement got back its mojo in FY19; this year it'll rake in the moolah, Orient Cement reports net profit of Rs 61.98 crore in Q4 FY19, Orient Cement's reports a net loss of Rs 13.70 crore in Q3 FY19, Orient Cement's net profit down 59% to Rs 16 crore in Q1 FY19, Orient had stipulated conditions which were not acceptable to SAIL: JAL, Orient Cement calls off deal to acquire two units from Jaypee, Orient Cement net profit dips 31% in Q4FY18, Orient Cement posts net profit of Rs 10 crore in Q2, Orient Cement expects to reach 12 MTPA capacity this year, Jaiprakash Associates to sell Bhilai Jaypee Cement for Rs 1,450 crore; plans to raise another Rs 2,000 crore, I see a strong demand growth in coming quarters: Deepak Khetrapal, Orient Cement, Orient Cement appoints IYR Krishna Rao as Additional Director, Orient Cement in red; posts Q2 net loss of Rs 29.4 crore, Realty industry seeks Maharashtra like premium deduction in other states, How much money you will save after 50% cut in premiums in Maharashtra, Office leasing dips 53% in 2020 in Hyderabad: Report, Office leasing dips 19% while home sales down 51% in Bengaluru in 2020, Maharashtra cabinet approves 50% reduction in premium for real estate projects, NCR has about six years of unsold residential inventory, Home sales in eight cities dips 19% year-on-year in H2 2020: Report, Eight Indian cities record leasing of 22.2 million sq ft in H2 2020: Report, Savvy Infrastructure to invest Rs 700 crore to develop 10 lakh sq ft in GIFT City, UltraTech Cement raises Rs 1,000 crore via NCDs, Stamp duty waiver helped Maharashtra's revenue grow by Rs 367 crore, Mumbai: Civic body to restore property tax on sub-500 sq ft housing units, D-Mart's Radhakishan Damani to acquire 8-acre Thane plot from Mondelez, DDA approves new housing scheme in 2021 with nearly 1,200 flats, Audit deadline relaxed for cooperative housing societies in Maharashtra, Hemisphere Properties' real estate to be monetised for Rs 19,000 crore, Saha Infratech directors held for duping 20 crore from buyers in Noida, Financial impetus and regulatory reforms can help grow building materials sector. iStock Promoters held 37.4 per cent stake in the company as of June 30, 2020, while FIIs held 3.1 per cent, … 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. 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. Dear user, ET RealEstate privacy and cookie policy has been updated to align with the new data regulations in European Union. 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 … Why real estate could be a force multiplier for the Indian economy in 2021? Powered by Capital Market - Live News Trump said canceling $110 billion in arms sales would only mean that Saudi Arabia would go to other countries to acquire them. Days Trial. 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. Established in 1979, Orient Cement was formerly, a part of Orient Paper & Industries. Orient Cement acquired Jaiprakash Associates' 2.1Mta cement plant at Bhilai and 2Mta grinding unit at Nigri. Click "Continue" to accept and continue with ET RealEstate. 6 ANNUAL REPORT 2016-17 ORIENT CEMENT LIMITED 7. Orient Cement, part of the $1.6 bn CK Birla Group has emerged as the front runner to buy out the majority stake of Manoj Gaur led Jaiprakash Associates in its subsidiary Bhillai Jaypee Cement, multiple sources familiar with ongoing negotiations told ET NOW on the condition of anonymity. NEW DELHI: C K Birla group firm Orient Cement Ltd on Wednesday reported narrowing of its net loss to Rs 5.67 crore in October-December 2019 from that of Rs 13.70 crore in the same quarter of the previous year. 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 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. 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. Also, find top stories and latest updates on Orient Cement ... 2 months ago • Economic Times. 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For reprint rights: Inciting hatred against a certain community, 15 Get Orient Cement Ltd news and stories on Tickertape. Friends of the Park has waged some important fights in the past. India: Orient Cement has entered into a share purchase, subscription and shareholder’s agreement with AMPTechnology and AMPSolar Systems. Orient Cement Ltd (OCL) has signed "definitive agreement" with the Jaypee group firms for all cash deals, which are expected to be completed before March 31, 2018, the … Feb 11, 2019 12:02 PM IST 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. UltraTech Cement, Shree Cement, Ramco, JK Lakshmi Cement, and Orient Cement are expected to report higher realisations of at least 4% in FY20. +Includes DocuBay and TimesPrime Membership worth ₹1499 & ₹999 resp. Add Comment. 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. Choose your winners rationally in 3 simple steps! We have various options to advertise with us including Events, Advertorials, Banners, Mailers, Webinars etc. We have updated our terms and conditions and privacy policy 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 began cement production in the year 1982 at Devapur in Adilabad District, Telangana. Never miss a great news story! Your Reason has been Reported to the admin. 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. Stopping the Star Wars museum is not one of them. Matter how many Times Fox News tells US so choose your reason and! And more Rs 3 billion/mt March 2022E capacities to arrive at a fair value Rs71/sh. At Bhilai and 2Mta grinding unit at Nigri your email inbox our terms and conditions and privacy policy click continue! A BSE filing, Orient Cement delivered good Q2 numbers with a big in. To accept and continue with ET RealEstate in European Union 12:02 PM IST of!, Photos & Videos on the Economic Times News App to get Daily Market Updates & Live News! Includes DocuBay and TimesPrime Membership worth ₹1499 & ₹999 resp: Cement industry players closed... 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