 "India Cements to appeal against CCI order")
The India Cements Ltd has said that it is looking at reducing its long-term debt from the current Rs 1,900 crore to less than Rs 1,000 crore. The company said that it has not witnessed any impact of demonetisation in the cement demand and expects a reasonable growth in the demand owing to the expected thrust in the forthcoming Budget on infrastructure, housing, public spending and developmental works.
"Due to uncertainty in the markets, the company has executed a refinancing of debt, up to around Rs 1,100 crore, resulting in reduction in near term commitments, which has also improved the rating
