Srinivasan blames price war, cost pressure as reasons for his exit

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After that, with the acquisition of Coromandel Cement plant at Cuddapah in 1990, India Cements became the largest producer of cement in South India.

Later, in 1979, a battle between him and the then managing director KS Narayanan, the other founder’s son, led to Srinivasan moving out of the company as MD.

But that did not happen, and therefore, we reverted to the solution we had considered earlier, which is selling the company," Srinivasan said.

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Category: BusinessFinance

Markets: IndiaOman

Topics: UltraTech Cement India Cements Cement industry

Source Website Secure: Yes (HTTPS)

News Sentiment: Neutral

Fact Checked: Legitimate

Article Type: News Report

Published On: 2024-07-29 @ 17:20:48 (5 hours ago)

News Timezone: GMT +5:00

News Source URL: business-standard.com

Language: English

Article Length: 587 words

Reading Time: 4 minutes read

Sentences: 27 lines

Sentence Length: 22 words per sentence (average)

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Copyright Owner: © Business Standard

News ID: 21823622

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