Binani Industries Press and Media
Press Releases
April 15, 2008

Binani cement’s new look unveiled

PANAJI : Buoyed with its ad campaign with megastar Amitabh Bachchan its ambassador, Binani cement has introduced its new look for premium quality cement. “Cement companies never thought of branding itself. It was we who have started this concept,” Mr Vinod Juneja, Managing Director, Binani group of industries, told reporters here. Chairman of Binani Industries […]

Read more

March 18, 2008

Binani cement to raise $125 m

Binani cement said it will raise up to $125 million through issue of securities in domestic and international markets. The firm would issue global depository receipts, American depository receipts and convertible bonds, among others, it said in a filing to BSE. The company will also borrow up to Rs 2,000 crore for corporate purposes.

Read more

March 14, 2008

Binani Cement invests 100% in capital of Mukundan Holdings

Binani Cement said that pursuant to the powers given to the investment committee, has invested in 100% of the capital of Mukundan Holdings, a company incorporated in the British Virgin Islands. Consequently Mukundan Holdings has become a wholly owned subsidiary of the company. Further consequent to the request received from Mukundan Holdings, the finance committee […]

Read more

March 14, 2008

Building a crescendo

There are some holding companies, which are highly undervalued in the stock market.The reasons for this can be many: low earnings visibility, insignificant operating revenue of the holding company or market inefficiency. Whatever the reason, it makes sense to include these value stocks in your portfolio.One such stock is that of Binani Industries (BIL), the […]

Read more

March 14, 2008

Mixed reaction to excise duty parity on cement

The cement industry remained somewhat divided on the impact of excise duty parity on bulk and packaged cement and the hike in the duty on clinker. Mr Sumit Banerjee, Managing Director, ACC, said as a product of mass consumption which is already among the highly taxed, cement has received some more indirect tax loading by […]

Read more

March 12, 2008

Increase in excise duty likely to be passed on to customers

The cement industry, which is expected to grow at a robust rate during FY09, driven by rising demand from the real estate and infrastructure sectors, is disappointed with no benefits being announced for the sector in the Union Budget 2008. Finance minister P Chidambaram in his budget speech made two announcements related to the cement […]

Read more

March 11, 2008

What lies within?

Its current m-cap is around a quarter of its fair value. Giving it close company is GHCL (formerly Gujarat Heavy Chemicals), one of India’s leading manufacturers of soda ash. Over the past few years, the company has opted for a series of overseas acquisitions to emerge as one of the world’s leading producers of soda […]

Read more

February 19, 2008

Binani Industries’ members approve issue of shares

Binani Industries announced that the members at the extra ordinary general meeting (EGM) of the company held on Feb. 15, 2008 have passed the special resolutions for issue of shares on preferential basis and payment of commission to directors other than managing director and wholetime director with requisite majority.The company and its subsidiaries are into […]

Read more

February 19, 2008

Binani Cement buys plant in Dubai

Binani Cement Ltd has acquired a plant in Dubai, the Chairman Mr. Braj Binani, told NewsWire18 after an extraordinary general meeting of the company. “As of now the deal to acquire a plant in Dubai is concluded. Announcement will be made within the next 10 days,” Mr. Binani said. Binani also said the company would […]

Read more

February 15, 2008

Industry seeks import protection, cut in levies

CEMENT companies are asking finance minister P Chidambaram, who slapped a dual duty regime on them last year, to reduce local levies and reimpose countervailing duty (CVD) on imports in the forthcoming Budget. Industry players claim that cement is the highest-taxed essential infrastructure input in the country with the combined levies coming to 70% of […]

Read more

Share