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Cement company fined for illegal mining

Bhuj, May 22 (UNI) A fine of Rs 8 crore has been levied on Sanghi Cement Industries, located in Abdasa taluka of Kutch district, for illegal mining.

Kutch District Collector Dhananjay Dwivedi issued a notice upon the company, asking it to pay the fine of Rs 8 crore for illegal mining as they had failed to pay the requisite royalty to the government.

UNI

ACC divests Machinery to HNG for Rs 45 cr

Mumbai, Mar 11: Cement major ACC Ltd today divested its wholly owned Subsidiary ACC Machinery Company Ltd (AMCL) to HNG Group for Rs 45 crore. The company in a release here said that the Subsidiary recorded a turnover of Rs 63.24 crore for the year ended December 31, 2007 with profits after tax being Rs 9.75 crore. UNI.....
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