Cement demand still sluggish, prices fall
Fight for survival continues in the cement sector as sluggish demand and slow growth ail the sector. Only saving grace is strong demand in East India due to higher spending by state governments. July-September earnings, too, were not anything to be cheerful about.
Adding to the woes will be implementation of goods and service tax (GST) which is likely to become a reality in 2016. "Service tax paid on the transportation cost if is not made…
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