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Lucky numbers and collusion: How an Indian cement cartel came unstuck
A five-year probe uncovered a decade of price collusion by Indian cement companies. Dalmia Bharat, Shree Digvijay, and India Cements allegedly fixed prices for ONGC tenders. Evidence includes communications and admissions. The Competition Commission of India is investigating. Firms face potential fines up to three times profits or 10% of turnover annually.
cityfalcon.com·24d ago
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UltraTech charts Rs 2,000cr capex for India Cements
Chennai: UltraTech Cement has said that it is undertaking capital expenditure of about Rs 2,000 crore over the next two years for its subsidiary, Indi.
cityfalcon.com·2mo ago
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India Cements Q3 Results: UltraTech-owned co's loss narrows to Rs 5.72 cr on higher sales volumes
India Cements posted a smaller third-quarter loss on ‍Friday compared to ​a year earlier, helped by a 25% jump ⁠in sales volumes as parent UltraTech Cement ramps up capacity to meet an uptick in demand.
cityfalcon.com·2mo ago
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India Cements Narrows Loss To ₹5.7 Crore In Q3 FY26, Revenue Steady At ₹1,114 Crore, YoY Improves 24%
India Cements sharply narrowed its standalone net loss to Rs 5.72 crore in Q3 FY26, aided by cost controls and stable pricing. Revenue stayed flat QoQ but rose strongly YoY. A one-time labour code charge impacted results, while nine-month losses reduced significantly on operational improvements.
cityfalcon.com·2mo ago
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Top Gainers & Losers on Dec 04: Hindustan Copper, India Cements, Petronet, Coforge, HFCL among top gainers
India's equity benchmarks closed higher on December 4, breaking a four-day losing streak, supported by rising tech stocks and a rebound in realty and consumer goods sectors.
cityfalcon.com·4mo ago
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