Diving Entry Fees May Ease Ultratech Q3 Pain

The December quarter performance remained weak for Ultratech Cement Ltd, a pan-Indian focused cement maker. Consolidated sales volume (grey and white cement) in Q3FY22 decreased 3% year-over-year (yoy) to 23.13 million tons. Except in the north, demand in other markets remained subdued, impacted by cyclones in the east and south, and demand for cement from …

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