Q1 realisation steady; eye IPL revenue in Q3: India Cements

In an interview with CNBC-TV18, VM Mohan, Joint President - Corporate Finance, India Cements said cement realisations have been largely steady in Q1. However, the rise in excise and freight offset the realisation improvement.

CCI cautions against cartelisation, warns of severe penalty

The Competition Commission of India (CCI) has pulled up 11 cement companies for forming a cartel and has penalized them with a fine of around Rs 6,000 crore. The commission has asked the companies to pay up 50% of their FY10 profits as penalty.

Expect growth to sustain at 10% ahead: India Cements

The company witnessed growth in southern markets after seven quarters and realisations in the region remained steady, VM Mohan, joint president - corporate finance of India Cements told CNBC-TV18.

Re fall to hurt P&L by Rs 30cr per annum: India Cements

Speaking to CNBC-TV18, VM Mohan of India Cements says that the depreciation of Rs 5 in the rupee has hurt their P&L by Rs 30 crore per annum.

Cement prices could go up, but earnings safe: India Cement

Speaking to CNBC-TV18, VM Mohan, CFO, India Cements says that cement prices could go up, but the company will be able to maintain margins on account of the current surplus and capacity that is expected to come in.