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. Orient Cement, India Cement and Ambuja Cement have temporarily suspended its operations at various locations. Get ETRealty's top stories every morning in your email inbox. Considering the once-concrete pad The deal has been terminated as both parties failed to complete the transactions within the stipulated 12 months time, according to regulatory filings. Also, find top stories and latest updates on Orient Cement . Get Orient Cement Ltd news and stories on Tickertape. 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It had posted a net profit of Rs 61.98 crore in January-March a year ago, Orient Cement said in a BSE filing. 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. 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 on Thursday said it would acquire 26 per cent stake in AMPSolar Systems for Rs 4.5 crore. The company had reported a ⦠Dear user, ET RealEstate privacy and cookie policy has been updated to align with the new data regulations in European Union. 6 ANNUAL REPORT 2016-17 ORIENT CEMENT LIMITED 7. Brand, Economic Times Architecture & Design Summit. All Rights Reserved. See more ideas about Chicago, Rent, Home. Powered by Capital Market - Live News 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, Trump said canceling $110 billion in arms sales would only mean that Saudi Arabia would go to other countries to acquire them. 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. Includes DocuBay and TimesPrime Membership worth ₹1499 & ₹999 resp. Please review and accept these changes below to continue using the website.You can see our privacy policy & our cookie policy. NEW DELHI: Most cement stocks were trading in the green in Tuesday's afternoon session. Add Comment. Orient Cement Ltd.âs 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 ⦠UltraTech Cement, Shree Cement, Ramco, JK Lakshmi Cement, and Orient Cement are expected to report higher realisations of at least 4% in FY20. 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. 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. 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: 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. 15 Orient Cement acquired Jaiprakash Associates' 2.1Mta cement plant at Bhilai and 2Mta grinding unit at Nigri. 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. 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 ⦠Days Trial 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. Orient Cement News - Get the Latest Orient Cement News, Announcements, Photos & Videos on The Economic Times. Breaking News Events and Latest News Updates on The Economic Times.) Orient Cement reports net loss of Rs 5.67 crore in Q3 FY20. Orient Cement began cement production in the year 1982 at Devapur in Adilabad District, Telangana. We have updated our terms and conditions and privacy policy Stopping the Star Wars museum is not one of them. 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. iStock Promoters held 37.4 per cent stake in the company as of June 30, 2020, while FIIs held 3.1 per cent, ⦠Orient Cement Ltd. is a mid-sized (8 metric tonne capacity) cost-efficient player in the cement space. Feb 11, 2019 12:02 PM IST Let's reshape it today, Hunt for the brightest engineers in India, Read Stock Insights by ET for a quick analysis. 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. Follow @ETRealty for the latest news, insider access to events and more. 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. NEW DELHI: Cement industry players have closed down operations across all their locations due to the Covid-19 scare. Stock Market News: Latest Stock news and updates on The Economic Times. ROCE (%) Definition It is a financial ratio that measures a companyâs ... Orient Cement Limited CIN:L26940OR2011PLC013933 Floor, 25, Barakhamba Road, New Delhi-110 001 Get Orient Cement Ltd news and stories on Tickertape. According to Crisil research, the cement industry growth is expected to halve in FY21 from 5-6% to 2-3%. For reprint rights: Inciting hatred against a certain community, 15 - Jack - Monday, Mar 18, 13 @ 12:57 pm: Maybe Quinn was referring to those ghost employees that Tollway is so fond of hiring. Choose your reason below and click on the Report button. Copyright © 2021 Bennett, Coleman & Co. Ltd. All rights reserved. Sharp Insight-rich, Indepth stories across 20+ sectors, Access the exclusive Economic Times stories, Editorial and Expert opinion. 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. 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. 125000+ Industry Leaders read it everyday. +Includes DocuBay and TimesPrime Membership worth ₹1499 & ₹999 resp. 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