Cement industry

According to analysts at IIFL, there is risk of ROE declining in FY21 owing to the likely stabilization of new capacities, resulting in resumption of fight for market share. (Pradeep Gaur )
A GST rate cut on cement from 28% to 18% could cost the government exchequer about ₹13,000 crore annually.

The real reason for 28% GST on cement

2 min read . 27 Dec 2018