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.