Indian Cement major ACC’s cement dispatches for December 2011 stood at about 20 lakh tonnes, up by
strong 8.9% yoy.
For CY 2011, the company’s dispatches reported 11.4% growth
to 23.58 mn tonnes, though on a lower capacity base of the previous year.
ACC added 3 mtpa of capacity in CY 2011, post which its overall capacity
stands at 30mtpa.
Decent growth in dispatches reported by ACC and UltraTech
in December 2011 hints at higher dispatches to the southern region, as both the
companies have a decent exposure to the southern region.
Angel Broking continue to remain Neutral on ACC.
Review by Angel Broking
strong 8.9% yoy.
For CY 2011, the company’s dispatches reported 11.4% growth
to 23.58 mn tonnes, though on a lower capacity base of the previous year.
ACC added 3 mtpa of capacity in CY 2011, post which its overall capacity
stands at 30mtpa.
Decent growth in dispatches reported by ACC and UltraTech
in December 2011 hints at higher dispatches to the southern region, as both the
companies have a decent exposure to the southern region.
Angel Broking continue to remain Neutral on ACC.
Review by Angel Broking
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