India’s ACC says margins under pressure

India’s ACC says margins under pressure
Published: 23 May 2008

Indian cement maker ACC Ltd sees increasing costs weighing on its margins in the second quarter to June, a senior company official said on Tuesday.

"It is quite clear margins in Q2 will be under further pressure," Managing Director Sumit Banerjee said at a news conference.

"Given the current situation in the industry, ACC is under tremendous pressure as costs are going up ... not incrementally, but leap-frogging."