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India Cement, which is majority-owned by UltraTech Cement, is forecasting EBITDA per tonne above INR1000 (US$11.77) in three years' time, up from INR40/t in the 1Q25, on the back of stronger pricing momentum, improving volumes and lower costs. Meanwhile, a senior official at JK Lakshmi Cement has called on the government to lower the Goods and Services Tax rate on cement from the current ...
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