Indian cement maker ACC's first-quarter profit more than doubled, it said on Thursday, as strong demand boost its sales volumes and drove margins higher.
ACC, owned by ports-to-energy conglomerate Adani Group, said profit rose to 4.67 billion rupees ($57 million) in April-June, from 2.22 billion rupees a year ago when high fuel expenses hit results.
Since then, the cost of imported coke and coal, key fuels in cement making, has softened, helping pull down ACC's power and fuel ex...
Indian cement maker ACC`s Q1 profit doubles on higher volumes, margins
