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MCL anticipates more capacity addition

Thursday 7th Jul 2011 1213

Mumbai : Madras Cements Ltd (MCL) expects the prevailing surplus capacity situation to continue and prices to be under pressure in the southern region, through which its 90% sales are generated. The company announced in its statement that the ongoing inflation and low capacity utilization has affected various inputs of production and distribution. MCL reported a loss of 23% this year due to the pressure hit by raw material price rises.

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