Grasim cement despatches up 12 percent
Mumbai: Grasim Industries has reported a year-on-year increase of 12.63 per cent in cement despatches for the month of September 2004, while its new group company UltraTech Cement has reported a 4.33 per cent decline in despatches for the same month.

Cement production at Grasim rose 6.35 per cent during the month to 11.03 lt, while production at UltraTech declined 4.44 per cent to 8.93 lt.
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India Cements get environmental clearance
Hyderabad: The Union Ministry of Environment and Forests has accorded environmental clearance to India Cements Ltd for production of 7 lakh tonnes of limestone per annum from Krishnapuram Limestone mine in Pondugala and Pulipadu villages of Guntur district in Andhra Pradesh, according to a company press release here.
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Sagar Cements board okays merger
Hyderabad: Sagar Cements Ltd has informed the stock exchanges that its board has decided in principle to merge its subsidiary company Sagar Power Ltd with it and to take necessary steps to implement the same.

Further, the company said its shareholders at the annual general meeting held on September 29 have approved through postal ballot the sale, lease or otherwise disposal of the grinding unit of the company located at Bayyavaram in Andhra Pradesh.
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BSNL disconnects Data Access
New Delhi: Bharat Sanchar Nigam Ltd (BSNL) has pulled the plug off Data Access, the international long distance (ILD) services company, for not settling its long-standing dues.

Data Access, which claimed to have a 30 per cent market share of the incoming ILD calls, will not be able to terminate calls on any of BSNL's 40 million subscribers, following the move.

This is second big blow for Data Access in the last one year, after its plans to go for an initial public offering (IPO) were stalled by the Securities Exchange Board of India (SEBI) on grounds that some of the company's directors were involved in illegal activities with respect to foreign exchange.

BSNL had used the low settlement rates offered by Data Access, to negotiate a better deal with the Tata-managed VSNL.

According to BSNL sources, the state-owned company had now withdrawn interconnection given to Data Access, since the dues were running beyond a few hundred crores of rupees and the ILD company had not responded, despite many reminders. They also said that Data Access' network was being used to carry illegal traffic into the country.
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