India: the long wait continues Premium
Despite high hopes of a return to more robust growth rates, the Indian cement sector is likely to close FY16-17 with its slowest performance in over a decade. The third quarter ...
Demonetisation
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Indian cement prices return to pre-demonetisation levels
Cement prices in India have returned to levels prior to the government’s demonetisation move, analysts at ICRA Ratings have reported.
India: Burnpur Cement blames demonetisation for repayment failures
Burnpur Cement has declared its inability to repay bank loans on Saturday due to demonetisation as its repayments had turned “irregular” with lenders because of “depressed” mark...
India: higher petcoke prices will hit cement companies
A near 75 per cent jump in the prices of petcoke, plus a similar rise in diesel costs combined with the policy of demonetisation, is likely to squeeze the margins of cement sect...