According to Cement Manufacturers' Association, Cement sales improved by 6% to 17.97 MT (million tonnes) in March (2012) against 16.93 MT in the same period last year. Production was up 5% at 17.91 MT (17.03 MT),
In the Last financial year, cement companies sales were up 7% to 179 MT (168 MT). Production rose 6% at 180 MT (169 MT) in the fiscal.
The all India sales number will increase by 4.52 MT in March if the performance of Holcim group companies, ACC & Ambuja Cement, are included. They produced 4.49 MT in March, 2012. Both these companies are not part of the Association.
Cement demand across the country was down in the first 3 quarters of the Past fiscal due to poor demand from infrastructure and real estate firms. High borrowing cost & slowdown in the economy had brought down cement demand. However, there was a turnaround in demand since January, 2012 with the Union Government reviving its investment in infrastructure development.
With improvement in demand, cement companies have hiked prices since January to pass on the increasing raw material and freight costs. Companies will be able to maintain operating margins at the current levels.
In March, the average cement price was Rs. 300 a bag, an increase of Rs. 5 to 8 a bag. This was due to rise in excise duty in the Union Budget.
In the Last financial year, cement companies sales were up 7% to 179 MT (168 MT). Production rose 6% at 180 MT (169 MT) in the fiscal.
The all India sales number will increase by 4.52 MT in March if the performance of Holcim group companies, ACC & Ambuja Cement, are included. They produced 4.49 MT in March, 2012. Both these companies are not part of the Association.
Cement demand across the country was down in the first 3 quarters of the Past fiscal due to poor demand from infrastructure and real estate firms. High borrowing cost & slowdown in the economy had brought down cement demand. However, there was a turnaround in demand since January, 2012 with the Union Government reviving its investment in infrastructure development.
With improvement in demand, cement companies have hiked prices since January to pass on the increasing raw material and freight costs. Companies will be able to maintain operating margins at the current levels.
In March, the average cement price was Rs. 300 a bag, an increase of Rs. 5 to 8 a bag. This was due to rise in excise duty in the Union Budget.
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