International Business

Shree Cement Dec sales up 22%

Shree Cement today reported a 22.4 per cent increase in sales in December of 8.58 lakh tonnes. - Rise in cash flow helps Cement firms shed reliance on borrowings - Shree Cement to invest Rs 2,000 cr on capacity expansion - Cement industry posts good sales growth in Nov - Land issues halt Shree Cement"s expansion plans - Shree Cement to invest Rs 450 cr by mid-2010 - Shree Cement net profit soars over two-fold The company had sold 7.01 lakh tonnes of cement in December 2008, Shree Cement said in a statement. During the first nine months of the current fiscal, the Kolkata-based firm sold 67.7 lakh tonnes of cement, an over 24 per cent increase from the corresponding period of previous fiscal.

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