Indian cement companies rise
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Joseph Green Editor
Monday, 22 February 2016 09:45
According to a
Reuters report, shares of Indian cement companies have risen ahead of the 29 February Union Budget, amid hopes of an increase in infrastructure spending.
UltraTech Cement rose 1.7%, Ambuja Cements was up 0.5%, JK Lakshmi Cement rose 2.3% and Shree Cement also rose 1.3%.
HSBC expects the government to increase infrastructure spending by 29% in 2016, including for smart cities and low cost airports.
Edited from source by
Joseph Green. Source: Reuters
Read the article online at: https://www.worldcement.com/indian-subcontinent/22022016/indian-cement-companies-rise-540/
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Tuesday 28 January 2020 09:22
The Ministry has banned the issuance of permits to companies that want to set up cement processing plants in the country.