scorecardresearchIndia's top cement maker paying for Russian coal in Chinese yuan: Report

India's top cement maker paying for Russian coal in Chinese yuan: Report

Updated: 30 Jun 2022, 12:29 PM IST
TL;DR.
India has explored setting up a rupee payment mechanism for trade with Russia, but that has not materialised. Chinese businesses have used the yuan in trade settlements with Russia for years.
UltraTech Cement reported a 47.6 per cent year-on-year (YoY) rise in consolidated net profit at  <span class='webrupee'>₹</span>2,620 crore for the quarter ending 31 March 2022.

UltraTech Cement reported a 47.6 per cent year-on-year (YoY) rise in consolidated net profit at 2,620 crore for the quarter ending 31 March 2022.