Star Cement is buzzing on the back of the company receiving Rs 158.82 crore towards capital investment subsidy claims from the central government. In an interview to CNBC-TV18, Sanjay Gupta, CEO of Star Cement discussed this and more.
Expect to receive subsidy worth Rs 150 crore in H2FY18, which will go towards the repayment of debt, Sanjay Gupta, CEO of Star Cement told CNBC-TV18.
Star Cement reported good set of Q1 numbers. In an interview to CNBC-TV18, Sanjay Gupta, CEO of Star Cement spoke about the results and his outlook for the company.
Demonetisation and an increase in raw material prices have dealt a double whammy to the cement sector. How long will this pain last? Will there be demand recovery in 2017? CNBC-TV18's Latha Venkatesh & Sonia Shenoy asks the experts.
In an interview to CNBC-TV18, Sanjay Gupta, CEO of Star Ferro and Cement spoke about the results and his outlook for the company.
In an interview with CNBC-TV18, Sanjay Gupta, CEO of Star Ferro said that the total price drop in the first quarter was around Rs 20-25 per bag for the northeast.
Higher coal prices and pressure on cement price impacted margins in fourth quarter, says Sanjay Gupta, CEO of Star Ferro and Cement.
Sanjay Gupta, CEO of Star Ferro says, while cement prices have increased by Rs 10 per bag in North East India, there has been little improvement in Bihar, Jharkhand and Bengal.
Sanjay Gupta, CEO of Star Ferro ays cement prices have improved by Rs 5-10 per bag in the month of January and are expected to follow upward movement in coming quarters as well.
Sanjay Gupta, CEO, Star Ferro and Cement the company has taken its annual maintenance cost in the second quarter which has impacted the results.
Cement prices are likely to increase by Rs 10 to Rs 15 per bag in Q3 with a pick up in demand in second half of FY16, says Sanjay Gupta, CEO of Star Ferro and Cement.
Sanjay Gupta, CEO of Star Ferro and Cement says the company has seen a significant rise in cement demand from the north-Eastern India. He adds several enquiries have been made on account of the proposed government constructions vis-Ã -vis road projects and power plants.
Recent reports indicate that cement prices have been reduced once again in May 2015. But Sanjay Gupta, CEO, Star Ferro & Cement says there has been no price cut in north-east and eastern region. In these parts, prices were stable even in the fourth quarter.