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
URL: https://globalcement.com/news/item/14885-india-cements-slumps-to-a-loss-in-three-months-to-september-2022
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