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UltraTech Cement expects subdued performance as economy slows down due to coronavirusAccording to UltraTech, growth in construction activity in the country has been slow over the last few years, impacting cement demand.- Acquired assets and rising prices may trigger investor interest in UltraTechAfter a long time, cement manufacturers have not only been able to increase prices.
- UltraTech Cement posts 23% YoY fall in Q3 PATThe quarter witnessed increase in variable costs attributable to rise in pet coke and coal prices.
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