Economy to bounce back once Covid-19 brought under control: India Cements

India Cements on Wednesday said that it expects the economy, driven by high domestic consumption and a strong rural base, to bounce back once the Covid-19 pandemic is brought under control. Company Managing Director and noted industrialist N Srinivasan told reporters here that the Covid factor has resulted in the cement industry seeing a 25 per cent decline in March compared to last year, while capacity utilisation for the sector, as well as the company, was below normal levels. The city-headquartered company commenced operations in April following the partial lifting of the .....

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