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CK Birla Group flagship Orient Cement posts revenue growth of 30%, operating margin at 22%

01-08-2017

New Delhi, July 26, 2017 – Orient Cement Limited, a part of the diversified CK Birla Group,announced its financial results for the quarter ended June 30, 2017. The company has reported a revenue growth of 30% over the corresponding quarter last year on account of sustained volumes and improved prices. The operating margin for the …

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CK Birla Group flagship Orient Cement becomes a member of the Cement Sustainability Initiative (CSI)

25-04-2017

New Delhi, April 24, 2017 – Orient Cement Limited, a part of the diversified CK Birla Group, announced that it has joined the Cement Sustainability Initiative (CSI), a voluntary CEO-led business initiative operating under the umbrella of World Business Council for Sustainable Development (WBCSD) and a global effort by major cement producers towards sustainable development. …

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Orient Cement to acquire 74% stake in Bhilai Jaypee Cement Limited from Jaiprakash Associates Limited

06-10-2016

Orient Cement Limited (‘Orient Cement’) today agreed to acquire Jaiprakash Associates Limited’s (“JAL”) 74% stake in Bhilai Jaypee Cement Limited (“BJCL”) for an Enterprise Value of INR 1,450 crores. The Enterprise Value is on a cash-free, debt-free basis and is subject to adjustments on account of working capital, if any. BJCL is a Joint Venture …

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Orient Cement to acquire cement asset from Jaiprakash Power Ventures Limited

06-10-2016

Orient Cement Limited (‘Orient Cement’) today agreed to acquire Nigrie Cement Grinding unit (“Nigrie unit”) from Jaiprakash Power Ventures Limited (“JPVL”) for an Enterprise Value of INR 500 crores. The Enterprise Value is on a cash-free, debt-free basis and is subject to adjustments on account of working capital, if any. Nigrie unit in Singrauli area, …

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Orient Cement to buy two cement assets from Jaypee Group for Rs1,950 crore

07-10-2016

The acquisition will also give Orient Cement access to the supply deficit markets of eastern India and Uttar Pradesh and a presence in central India as well

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Times Of India

Orient Cement acquires 2 Jaypee units for Rs 2,000cr

07-10-2016

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 Associates (JAL) and a grinding unit from Jaiprakash Power Ventures (JPVL) in deals worth Rs 1,950 crore.

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moneycontrol

Orient eyes 15 MT capacity by 2020 with help from Jaypee buy

07-10-2016

The acquisition is mainly to keep in line with the company’s long-term strategy of reaching 15 million tonne from 5 million tonne by 2020, said Deepak Khetrapal, MD & CEO, Orient Cement.

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IIFL

Orient Cement has agreed to buy 74% stake in Bhilai Cement plant from JP Associates for Rs14.50bn and top corporate news of the day

07-10-2016

Check out the most important news stories which captured the headlines at the corporate level in India and internationally. With the domestic natural gas price dipping by 51% in 24 months to USD2.5/mmBtu, downstream companies like Oil and Natural Gas Corporation (ONGC) and Oil India (OIL) are now batting for a floor pricing of at …

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Shashank S Suri

s.suri@ckbirlagroup.com +91 9010400097

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