With GDP growth of 5% in fiscal year 2012-2013 and India's urban population set to double from 290 million in 2001 to 590 million by 2030, opportunities in the construction sector can be imagined. The development of the construction sector will inevitably lead to the growth of cement demand, and India's cement demand will have a huge room for growth.
2013-10-30
CEMPI
102.53
+0.24 +0.23%
CONCPI
86.76
0.00 0.00%
CLKPI
108.57
+0.82 +0.76%
SPPI
42.67
+0.56 +1.33%
MORPI
72.22
+0.36 +0.50%
Huaxin Building Materials (600801. SH) announced that the company signed an Exclusive Agreement with Brazilian National Iron and Steel Corporation to acquire shares of Brazilian Cement Company with a value of 12.7 billion reals (about 15.868 billion yuan).