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Cement – Demand remains subdued

November 19, 2008

Cement despatch growth rate deteriorated in October-08 due to lack of demand from the construction sector, really especially the Real Estate.

All the Major Cement Companies except Ultratech and Shree Cement reported a drop in Cement Dispatch in Oct-08 compared to their sales figures in Oct-07.

  • ACC -3.5% YoY
  • Ambuja Cement -3.9% YoY
  • Grasim Industries -6.4%
  • Ultratech +5.5% YoY
  • India Cements -12.3%
  • JaiPrakash -1.2%
  • Shree Cement +12.6%

Cement company lobby is maintaining the prices at Rs 240, [Rise from Rs 150 levels in 2006]. Demand is unlikely to improve in the near future.

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