Indian cement companies rise
Published by Joseph Green,
Editor
World Cement,
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/
You might also like
World Cement Podcast
Tune into Episode 2 of the World Cement podcast to hear the second half of the CCUS-focused panel discussion from EnviroTech 2024.
Cemex invests in renewable energy in Poland
Cemex has signed an agreement with EDP Energia Poland to build solar installations at several Cemex plants in Poland, with a total capacity of over 14 MWp.
