Dungsam Cement Corporation Limited (DCCL) which is still running at a loss is awaiting market to improve in India after the Indian government sanctioned Rs 21,800 B for infrastructure development.
Consequently, it is expected, the budget will boost demand for steel and cement in the northeastern region. The cement company suffered a loss of Nu 737 M, last year.
“Much before the budget session, the Prime Minister of India approved Rs 51,000 crores for the development of North Eastern region. So you can imagine the amount of money they are sanctioning before the budget release. We are eagerly waiting for the release; we have 593 hours of cement silos full and waiting to be dispatched in the northeast,” said Dungsam Cement Corporation Limited’s CEO, Dorji Norbu.
