Binani Industries Press and Media
Press Releases
April 30, 2008

Ghanshyam Binani Foundation announces Children’s Bravery Award

The Ghanshyam Binani Foundation has announced 7th Children’s Bravery Awards for the year 2006-07. 12 year old girl Rajiya Parveen Umarkhan from Buldhana district in Maharashtra and Gagan J. Murthy and Bhoomika J. Murthy – 7 year-old twins from Bangalore will receive the prestigious awards soon in a Mega Function.

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April 29, 2008

Binani Cement commissions new grinding unit

Binani Cement commissioned the additional new grinding unit of the expansion project for production of cement at Neem Ka Thana with effect from March 31, 2008. Consequent upon the commissioning of this unit the total capacity for cement production now stands at 6 million tons per annum. Shares of the company closed down Rs 1.1, […]

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April 29, 2008

Binani Industries Board to consider dividend

Binani Industries Ltd has announced that a meeting of the Board of Directors of the Company will be held on April 21, 2008, inter alia, to consider the Audited Financial Results of the Company for the year ended March 31, 2008 and declaration of dividend.The meetings of the Board of Directors of Binani Cement Ltd […]

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April 28, 2008

Tamil Writer receives Vatsalya Award

The Vatsalaya award instituted by the Padma Binani Foundation was conferred upon Dr. Poovannan at the hands of Dr. Indu Shahani, Sheriff of Mumbai. Justice (Retired Chandrashekhar Dharmadhikari, Ms. Padma Binani were present at the occasion.

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April 28, 2008

Binani Cement will ramp up capacity, go places

Binani Cement Ltd will invest around Rs 2,000 crore to double its capacity to 12 million tonnes per annum (mtpa) by 2012. Vinod Juneja, deputy managing director, Binani Group of Industries told DNA Money, the outlay includes Rs 800 crore for a 2 mtpa greenfield plant in coastal Gujarat and Rs 200 crore for a […]

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April 25, 2008

Binani may buy Indonesia mine for over $400 mn

Mumbai : The Binani group is learnt to be in advanced negotiations with one of Indonesia’s largest coal producers, PT Berau, to acquire a coal mine to feed its growing cement operations in India.The size of the proposed acquisition is estimated to be more than $100 million or upward of Rs 400 crore, according to […]

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April 25, 2008

Binani Cement Results – Declares 2008 March ending Quarter Results

Binani Cement net profit rose 83.88% to Rs 175.81 crore in Yr End of 2007 – 2008 compared to Rs 95.61 crore during the previous yr end of March 2007. Sales rose 43.96% to Rs 978.67 crore in Yr End of 2007 – 2008 compared to Rs 679.83 crore during the previous yr end of […]

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April 21, 2008

Binani Cement Jan-Mar net profit at 641.3 mln rupees

MUMBAI, April 21 (Reuters) -Binani Cement Ltd (BINC.BO: Quote, Profile, Research) has posted a net profit of 641.3 million rupees on a net sales of 3.36 billion rupees for January-March quarter. The comparative figures for the year-ago figures were not available as the company was formerly an unit of Binani Industries Ltd (BINZ.BO: Quote, Profile, […]

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April 20, 2008

Binani Cement net zooms on high demand

Mumbai : Reflecting better realisation and soaring demand, Binani Cement has posted 152 per cent rise in net profit at Rs 64.13 crore in the fourth quarter ended March 31, 2008, against Rs 25.47 crore logged in the corresponding period last year. The company has announced a dividend of 2.50 a equity share. Net sales […]

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April 19, 2008

Fitch assigns ‘A(ind)’, ‘F1(ind)’ ratings to Binani Cement

Fitch Ratings has assigned a national issuer rating of “A(ind)” to the Rs 7,129 million long-term fund-based bank limits and Rs 350 million cash credit limits of Binani Cement (Q, N,C,F)* (BCL). Fitch has also accorded a “F1(ind)” rating to BCL’s Rs 1,607 million short-term non fund-based bank limits. The ratings reflect BCL’s strong growth […]

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