3053.30
-0.31%
ICICI Securities Limited
Mining volumes expected to revive gradually over FY21E During the quarter, sales volumes came in at 53177 MT, down 16.4% YoY dragged down by cement/other segment volumes. Mining segment volumes came in at 41055 MT, up 1.0% YoY and cement & others segment volumes came in at 12112 MT, down 47.3%, YoY. Mining segment is expected to at least sustain the run rate of 40-41000 MT in coming quarters while non-mining segment reduced owing to slower infrastructure, utilities spend across the world. The company did not face much supply chain...
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