P. Chandrasekar, S. Ramanath
P. Chandrasekar1 and Dr. S. Ramanath2
1Research Scholar, P.G. and Research Department of Commerce, National College (Autonomous), Trichy,
Tamil Nadu, India.
2Associate Professor, P.G. and Research Department of Commerce, National College (Autonomous), Trichy, Tamil Nadu, India.
Volume - 5,
Issue - 3,
Year - 2014
India is the second largest producer of cement in the world. The production of cement in India has increased at a compound annual growth rate of 9.7 per cent to reach 272 million tones in the period 2006–2013. It is expected to touch 407 million tones by 2020.The globally-competitive cement industry in India continues to witness positive trends such as cost control, continuous technology up gradation and increased construction activities.
With the best limestone deposit an available it is able to produce the high quality cement of various grades and supplies government department and public. Wide application has been received from various quarters for its ARASU brand cement being marketed in Tamil Nadu and Kerala. Capacity enhancement at Ariyalur factory is also proposed of late it operated exceedingly well producing more than its capacity.
The comparative statement analysis to the Tamil Nadu Cement Corporation Limited in analysis to that concern will be process in profitability or not. So the comparative balance sheet is prepared in the compared with previous years. Every company followed to the particular process or method will be every financial year. So the company changes with our production method and marketing style. So the company earnings to the profit in future year. This every year the company followed to the benefit of the process.
Cite this article:
P. Chandrasekar, S. Ramanath. Financial Performance of Cement Industry. Asian J. Management 5(3): July-September, 2014 page 286-292.