Demand for cement fell by 0.68 per cent during the April-June quarter compared with the corresponding period last fiscal as political crisis in large consumer states held up infrastructure and realty projects.
Alok Sanghi, Director, Sanghi Industries Ltd, is a Business Management Graduate from Indiana University, USA. He looks after corporate and strategic affairs of the company and has explored several international markets for cement exports
While her taking over the reins of the then JK Corp Ltd was purely circumstantial, she proved the naysayers wrong with her brilliant handling of the affairs of her company - now rechristened JK Lakshmi Cement Ltd.
The Government of Rajasthan appears to have granted undue advantage to the cement manufacturers in the state, causing a loss of crores of rupees to the exchequer between 2002 and 2005. The State assembly's Public Accounts Committee (PAC) has initiated a probe into the irregularity.
According to the recent results posted by All Pakistan Cement Manufacturer Association (APCMA), Pakistan's cement exports to India have been declining unabatedly since the two countries unlocked their borders for liberal bilateral trade. Exports to India dropped by a whopping 39 per cent YoY.
Eleven cement makers, who were found guilty by the fair trade regulator Competition Commission of India (CCI) for adopting anti competitive practices, challenged its July 30, 2012 findings by approaching Competition Appellate Tribunal (COMPAT). The tribunal issued notices to the CCI and listed the matter for next hearing on November 22.