Thu, Dec 03, 2020
During Apr-Sep, cement demand was driven by the strong growth from rural India on the back of higher government spending. ACC’s management indicated that cement demand recovery has further accelerated in Oct-Nov with the pickup in demand from urban and infrastructure segments. While rural demand has normalized from the recent hyper growth phase, pent-up demand from urban areas and infrastructure projects are the key demand drivers now. ACC Management also noted that real estate inventory with large developers is reducing with the declines in prices, stamp duty benefits, etc. and developers are now completing unfinished projects.
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Fri, Apr 21, 2017
The company's cement sales during Q1FY17 stood at 6.60 million tonne, a marginal rise from 6.36 million tonne in Q1FY16.
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