Established in 1979, Orient Cement was formerly, a part of Orient Paper & Industries. The acquisition will, however, help the company's geographical diversification, reports the Economic Times. Please review and accept these changes below to continue using the website.You can see our privacy policy & our cookie policy. Orient Cement Ltd. is a mid-sized (8 metric tonne capacity) cost-efficient player in the cement space. 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. Breaking News Events and Latest News Updates on The Economic Times.) Copyright © 2021 Bennett, Coleman & Co. Ltd. All rights reserved. Tomorrow is different. See more ideas about Chicago, Rent, Home. Copyright © 2021 ETRealty.com. Powered by Capital Market - Live News Why follow tips? Feb 11, 2019 12:02 PM IST Also, find top stories and latest updates on Orient Cement . 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. Orient Cement acquired Jaiprakash Associates' 2.1Mta cement plant at Bhilai and 2Mta grinding unit at Nigri. India: Orient Cement has entered into a share purchase, subscription and shareholder’s agreement with AMPTechnology and AMPSolar Systems. Get Orient Cement Ltd news and stories on Tickertape. ET NOW was the first to report the development. Trump said canceling $110 billion in arms sales would only mean that Saudi Arabia would go to other countries to acquire them. Orient Cement reports net loss of Rs 5.67 crore in Q3 FY20. 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. UltraTech Cement, Shree Cement, Ramco, JK Lakshmi Cement, and Orient Cement are expected to report higher realisations of at least 4% in FY20. 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. - Jack - Monday, Mar 18, 13 @ 12:57 pm: Maybe Quinn was referring to those ghost employees that Tollway is so fond of hiring. +Includes DocuBay and TimesPrime Membership worth ₹1499 & ₹999 resp. 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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. 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. 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. 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. C.K. Orient Cement, India Cement and Ambuja Cement have temporarily suspended its operations at various locations. 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. Sharp Insight-rich, Indepth stories across 20+ sectors, Access the exclusive Economic Times stories, Editorial and Expert opinion. Days Trial. 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. Friends of the Park has waged some important fights in the past. 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, Download The Economic Times News App to get Daily Market Updates & Live Business News. 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 … 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. We have updated our terms and conditions and privacy policy Sorry, there are no blogs for your search. Get ETRealty's top stories every morning in your email inbox. 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. All Rights Reserved. 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. 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., incorporated in the year 2011, is a Small Cap company (having a market cap of Rs 1835.62 Crore) operating in Cement sector. Follow @ETRealty for the latest news, insider access to events and more. NEW DELHI: Most cement stocks were trading in the green in Tuesday's afternoon session. 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. 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