India: Madras Cements set for growth

India: Madras Cements set for growth
Published: 30 November 2011

Madras Cements Ltd has announced a growth of 100% net profit for Apr-Sep 2011. Its sales rose by 18% in the period. The company has diverted the cement from Andhra Pradesh to Tamil Nadu and Karnataka. Price of cement has increased from INR220 a bag in Aug 2010 to INR300 in Nov 2011. The company imports nearly 55% of its coal requirement.

Madras Cements has a captive power generation capacity of 150MW and a manufacturing capacity of 12Mta.