Indian cement makers gain on government's tax cut proposal

Ultratech Cement

18/08/2025 07:56

** Indian cement makers gain between 3% and 4.3%

** Government will propose a reduction in consumption tax by October, an official said on Friday, after PM Narendra Modi announced reforms

** Shree Cement SHCM.NS leads gains with 4.3% climb, top cement maker UltraTech Cement ULTC.NS jumps 4%

** Ambuja Cement ABUJ.NS and ACC ACC.NS climb 3.4% and 3.5%, respectively

** Consumer-linked sectors such as cement, consumer staples and automobiles are likely to be the key beneficiaries of the tax rationalisation, analysts at Motilal Oswal say

 (Reporting by Kashish Tandon in Bengaluru)

 ((Kashish.tandon@thomsonreuters.com))