Shree Cement sees realty slowdown hitting margins

Shree Cement sees realty slowdown hitting margins
Published: 15 October 2008

Shree Cement Ltd expects the slowdown in the real estate sector to hit margins in the coming quarters, Managing Director HM Bangur told television channel NDTV Profit on Tuesday.

"The earnings will be hit in the coming quarters, our per-tonne realisation is coming down with the increase in cost," he said.

Despite these pressures, Shree Cement will continue with its expansion plans and will invest INR2bn in the current financial year to expand capacity to 8Mt by March 2009, Bangur added.