Rain CII Carbon India (RCCIL), a wholly-owned subsidiary of Hyderabad-based cement manufacturer Rain Commodities, has concluded a deal with International Finance Corp (IFC) of the World Bank to sell 850,000 carbon credits.
Under the arrangement, the company will sell all the carbon credits it generates during July 12, 2007 to July 15, 2011.
Last month, Rain Commodities Ltd, producers of calcined petroleum coke and cement has notified that Rain CII Carbon has implemented `Oxygen Lancing' at its Indian calcinations plant.
Karvy Stock Broking Limited has maintained ‘Buy’ rating on Grasim Industries stock to achieve a target of Rs 1440 within 1-2 days.
Karvy Stock Broking Limited has maintained ‘buy’ rating on ACC stock with an intraday target of Rs 535. 
Kolkata-based Braj Binani Group cement manufacturer, Binani Cement Ltd. has entered into a Memorandum of Understanding (MOU) with the Gujarat Government to set up a Greenfield cement plant of 2.5 MTPA capacity in the state. 
Binani Cement Ltd has decided to make an investment of more than Rs 900 crore for establishing greenfield plants both in India as well as abroad to raise its overall production capacity to 15 million tonnes by the next three years (2011-12).
Prism Cement, a leading cement manufacturer, has announced that its second quarter net profit has plummeted by 52 percent ato Rs 31.03 crore from the same quarter last fiscal.
