Hetauda Cement's losses jump fivefold as virus hits construction and sales

The state-owned company racked up losses totalling Rs 50 million in the last fiscal year.

Hetauda Cement Industries' losses jumped fivefold year-on-year as Covid-19 stalled construction activities and cement sales plunged to new lows. The state-owned company racked up losses totalling Rs50 million in the last fiscal year ended mid-July.