Binani Cement Ltd

Type: Company

Name: Binani Cement Ltd (Binani Cement Limited)

Fact Sheet: Fact Sheet for Binani Cement Limited

First reported 15 hours ago - Updated 15 hours ago - 1 reports

COMPAT directs cement firms to pay 10% of Rs 63.07 bn penalty

The Competition Appellate Tribunal has directed cement companies to pay 10% of a Rs 63.07 billion penalty imposed on them by fair trade regulator CCI for forming cartel in the sector.Passing an interim order on Friday, a COMPAT bench headed by its Chairman ... [Published MyIris - 15 hours ago]

Entities: Cartel, India Cems Ltd, Binani Cement Ltd, Fair trade regulator

First reported May 20 2013 - Updated May 20 2013 - 2 reports

North India may face power cuts

Severe shortage of domestic coal forced power plants and industries in the North to become dependent of imported coal cargos that ports such as Navlakhi port handle. According to reports, Uttar Pradesh, Rajasthan, Haryana and Punjab, may face power cuts ... [Published India Infoline - May 20 2013]

Entities: Coal, Power Plant, India

First reported May 19 2013 - Updated May 19 2013 - 1 reports

Compat directs cement companies to deposit 10% of penalty

Economic Times reported that The Competition Appellate Tribunal (Compat) on Friday ordered 11 cement manufacturers to deposit 630 crore before it heard their appeal against a hefty 6,307 crore fine imposed by the competition watchdog for cartelisation ... [Published Steel Guru - May 19 2013]

Entities: Jk Cements Ltd, Madras Cements Ltd, Binani Cement Ltd, India Cements Ltd

First reported May 17 2013 - Updated May 18 2013 - 12 reports

Ambuja Cements Ltd

No major impact of tribunal order: Analysts

The Competition Appellate Tribunal (Compat) has directed cement companies to pay 10 per cent of the penalty of Rs 6,307 crore imposed on them by the Competition Commission of India (CCI) for cartelisation. In an interim order, the tribunal also clarified ... [Published Smart Investor - May 18 2013]

Entities: Shree Cement Ltd, Ambuja Cements Ltd, Anand Rathi Financial Services Ltd, Ultratech Cement Ltd, Lafarge SA

First reported May 15 2013 - Updated May 15 2013 - 1 reports

Lafarge SA

Baring PE Asia to invest $260 mn in Lafarge India

Signing the largest private equity investment in India’s cement sector, Baring Private Equity Asia is picking up 14% stake in the India unit of the French cement maker Lafarge SA.Lafarge said that it had signed an agreement to raise €200 million ($260 ... [Published Smart Investor - May 15 2013]

Entities: Lafarge SA, India, Binani Cement Ltd, Private Equity

First reported May 12 2013 - Updated May 12 2013 - 1 reports

DLF Ltd

Courting protection against brands

Indians have finally discovered the power of the Consumer Protection Law.Less than a year after taking over the coveted job as head of Tata Motors, Karl Slym has hit the headlines, for the wrong reason. A six-month prison sentence and Rs 10,000-penalty ... [Published New Indian Express - May 12 2013]

Entities: Karl Slym, DLF Ltd, Consumer Protection

First reported May 03 2013 - Updated May 03 2013 - 1 reports

Milestone Brandcom launches Milestone Outland

The out of home agency has launched a new vertical to address marketers' needs in rural areas, Tier 1 and Tier 2 towns and cities of India.Milestone Outland, a 100 per cent subsidiary of Milestone Brandcom, was launched recently to cater to the needs ... [Published Agencyfaqs! - May 03 2013]

Entities: Binani Cement Ltd, India, Shell Foundation

First reported Apr 23 2013 - Updated Apr 23 2013 - 1 reports

Blackstone to acquire Credit Suisse's secondary private equity business

Earlier this year, Asia Growth Capital, along with HarbourVest Partners, acquired the portfolio of Asian PE investments by Credit Suisse.Private equity giant Blackstone said it is acquiring international financial services firm Credit Suisse's secondary ... [Published VC Circle - Apr 23 2013]

Entities: Private Equity, Credit Suisse Group AG, Credit Suisse Private Equity, HarbourVest Partners, Tony James

Quotes

CCI had found "cement manufacturers in violation of the provisions of the Competition Act, 2002 which deals with anti-competitive agreements, including cartels."

COMPAT directs cement firms to pay 10% of Rs 63.07 bn penalty [Published MyIris - 15 hours ago]

...Binani Cement and Shree Cement, GK Cement and a host of other captive power plants that also supply a portion of the power generated to the grid. "Navlakhi Port primarily handles thermal coal imported from Indonesia which is transported to facilities in Gujarat as well as neighboring states."

North India may face more power cuts [Published Economic Times - May 20 2013]

...spokesperson for JP Associates said the company along with others was mulling all options, including challenging the decision in the Supreme Court. "We will decide the future course of action after a thorough discussion within the company and the industry body - (CMA)" he said. CCI had imposed the highest penalty of 1,323.6 crore on JP Associates. It had also imposed a fine of 73 lakh on CMA...

Compat directs cement companies to deposit Rs 630 crore [Published Economic Times - May 18 2013]

...deposit 10 per cent of the penalties inflicted (by CCI)," COMPAT said in its order directing cement firms to deposit the amount within a month. "We also make it clear that if the penalties are not so deposited, the appeal shall be treated as dismissed without further reference to the Court" it added

Tribunal directs cement firms to deposit Rs.630 cr [Published The Hindu - May 17 2013]

More Content

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COMPAT directs cement firms to pay 10% of Rs 63... [Published MyIris - 15 hours ago]
North India may face power cuts [Published India Infoline - May 20 2013]
North India may face more power cuts [Published Economic Times - May 20 2013]
Compat directs cement companies to deposit 10% ... [Published Steel Guru - May 19 2013]
No major impact of tribunal order: Analysts [Published Smart Investor - May 18 2013]
Competition tribunal asks cement firms to pay R... [Published Smart Investor - May 18 2013]
Sensex up 0.8% for the week [Published msn.co.in - May 18 2013]
Compat directs cement companies to deposit Rs 6... [Published Economic Times - May 18 2013]
Tribunal directs cement firms to deposit Rs.630 cr [Published The Hindu - May 17 2013]
Compat directs 11 cement firms to deposit Rs 63... [Published Deccan Herald - May 17 2013]
Competition tribunal tells penalised cement fir... [Published Hindu Business Line - May 17 2013]
COMPAT directs cement firms to deposit Rs 630 c... [Published Economic Times - May 17 2013]
Cement: No significant impact of COMPAT interim... [Published Smart Investor - May 17 2013]
Compat lifts stay on CCI penalty in cement cart... [Published Individual.com - May 17 2013]
Compat directs cement firms to pay 10% of Rs 6,... [Published Hindu Business Line - May 17 2013]
COMPAT judgemnt on cement firms' plea today [Published zeenews.com - May 17 2013]
Baring PE Asia to invest $260 mn in Lafarge India [Published Smart Investor - May 15 2013]
Courting protection against brands [Published New Indian Express - May 12 2013]
State Advised to Facilitate Clearances for Coal... [Published Press Information Bureau - May 06 2013]
Milestone Brandcom launches Milestone Outland [Published Agencyfaqs! - May 03 2013]
Blackstone to acquire Credit Suisse's secondary... [Published VC Circle - Apr 23 2013]
Indian Stock Market Outlook Fundamental Picks ... [Published Topnews.in - Jan 13 2011]
Binani Industries Intraday Buy Call [Published Topnews.in - Nov 06 2010]
Binani Industries Intraday Buy Call [Published Topnews.in - Oct 08 2010]
Traders are suggested to buy at declines [Published Topnews.in - Oct 07 2010]
Buy Ambuja Cement With Stop Loss Of Rs 120 [Published Topnews.in - Sep 01 2010]
Binani Cement first quarter net profit dips 60% [Published Topnews.in - Aug 05 2010]
Fact Sheet for Binani Cement Limited [Published Able2Act - May 06 2008]
Fact Sheet for Binani Industries Ltd. [Published Able2Act - May 06 2008]