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India Cements, a dominant southern cement player, has posted a fourfold increase in its net profit for the quarter ended June 2011.

The company's net profit increased by 308% at Rs 102 crore for quarter ended June 30, 2011 compared with Rs 25 crore in the corresponding period last year. The company's net sales rose 20% to Rs 1,056.8 crore for quarter ended June 30, 2011 from Rs 880.6 crore in the corresponding period last year.

India Cements manufactures Ready to Mix concrete (RMC)-53 grade cement. Its Coromandel King, Sankar Sakthi and Raasi Gold are 53 grade OPC (Ordinary Portland Cement) , which are high strength cement used for building runways, concrete roads and bridges.

Peers
Company Name CMP
Ultratech Cement 10640.00
Ambuja Cements 358.35
ACC 1174.40
Shree Cement 21400.00
Dalmia Bharat 1664.90
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