Recently, Heidelberg Cement India announced its performance report: from October to December 2014, the company's total revenue increased by 16.6% year-on-year to $67.8 million. However, the net loss of $1.59 million in the third quarter of India's fiscal year 2014-2015 (September 31-December 31, 2014) is not optimistic enough compared with the net loss of $1.07 million in the same period of the previous fiscal year.
The increase in net loss may be attributed to the increase in coal costs caused by the privatization of Indian coal enterprises from nationalization in 2014, which led to the increase in cement production costs, and cement producers had to raise the price of cement products to protect their own interests.
However, in recent days, Indian officials have returned 60% of coal enterprises to government control, and the crisis of rising cement prices is expected to be alleviated.
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