Cement demand in India is likely to remain subdued in 2015 as government spending remains weak, according to JPMorgan Chase. But demand should pick up from the 2016 fiscal year.
Cement demand in India is likely to remain subdued in 2015 as government spending remains weak, according to JPMorgan Chase. But demand should pick up from the 2016 fiscal year. "We will await clarification on the recently completed tender for the procurement of cement by the Highways Department," JPMorgan said. Road construction can be a big demand driver, and it may face fewer problems than other projects.
Cement demand in India is likely to remain subdued in 2015 as government spending remains weak, according to JPMorgan Chase. But demand should pick up from the 2016 fiscal year.
2014-11-25 10:13:21
CEMPI
91.84
-0.01 -0.01%
CONCPI
86.97
-0.05 -0.06%
CLKPI
96.87
0.00 0.00%
SPPI
41.51
0.00 0.00%
MORPI
73.32
0.00 0.00%
On the evening of August 26, Conch Cement disclosed its semi-annual report that in the first half of the year, the company realized operating income of 36.927 billion yuan, down 10.88% from the same period last year; the net profit attributable to shareholders of listed companies was 2.527 billion yuan, down 42.76% from the same period last year; the basic earnings per share was 0.48 yuan/share.
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