India: India Cements Limited has posted a loss of US$16.9m during the quarter that ended on 30 September 2022 on account of increases in fuel and coal costs. The manufacturer had earlier reported a profit of US$9.3m in the three months to 30 June 2022. India Cements’ vice chair and managing director, N Srinivasan, “It was a difficult quarter because the coal price increase was quite sharp.”

India Cements slumps to a loss in three months to September 2022
Written by Global Cement staff
Published in
Global Cement News
Tagged under
Register for the Global Cement Weekly email newsletter
Global Cement Weekly is Global Cement’s weekly email newsletter. Keep up to date with cement industry news, analysis, diary dates and news of people in the sector.