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.
Competition Commission today imposed more than Rs 6,700 crore penalty on 11 cement companies, including ACC and Binani, for cartelisation.
In an interview to CNBC-TV18, Ajay Hans, managing director, Petron Engineering Construction shares his views on the latest order bagged by the company.
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.