Apr 2006 Financial News

No set plans for a price ceiling on cement in the near future

Apr 20, 2006

There has been no immediate move to put controls on the price of cement. Though there have been reports concerning Government’s intention to do so, after having discussions with both ministry and TCL officials, it is evident that there are no meetings carded for the direct future between TCL and the Government to discuss this issue. As a result, our view on the prospects for TCL in the financial year 2006 remain unchanged.

WISE Research Team
Thursday, 20th April, 2006.