Construction Industry News
Cement producer Heidelberg Cement India reported a 4.55% drop in net profit to Rs 59.56 crore in the second quarter of FY22.
In the same quarter last year, the company reported a net profit of Rs 62.4 crore, according to a BSE filing.
During the second quarter of FY22, it generated Rs 569.24 crore in revenue from operations, an increase of 11.03% from Rs 512.69 crore in the previous fiscal quarter.
Heidelberg Cement India said in a separate filing that independent director or chairman Akila Krishna kumar has resigned and the board of directors has accepted her resignation.
In place of Akila Krishna kumar, the Board of Directors has appointed Ramakrishnan Ramamurthy, an independent director of the company, as Chairman of the Board effective October 20, 2021.
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