Updated on
Summary The profit of cement companies is likely to rise after India being given MFN status.
During the current year, the price of cement was raised by 25% over the first three months while 8% rise was recorded in its sale. Local sale has increased by 12% as cement went costly.According to the Invest Cap, majority of the cement companies enjoyed profit.However, business expenditures were raised due to raise in coal price.Pakistan manufactures 10-million tons additional cement which can meet Indian import needs.
