India: UltraTtech’s net sales have risen by 4% year-on-year to US$937m for the quarter that ended on 30 June 2016 from US$935m from the same period in 2015. Its net profit rose by 29% to US$116m from US$90m in the same period. During the quarter the cement producer has commissioned grinding plants at Nagpur in Maharashtra and Patliputra in Bihar. The company also confirmed that its acquisition of cement plants from Jaiprakash Associates is continuing.
UltraTech sales rise by 4% to US$973m in the first quarter
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