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Cement numbers – March 2011
Cement manufacturers posted growth in dispatches during March 2011 due to pick-up in
construction activity. ACC’s dispatches grew by 12.4% yoy to 2.18mn tonnes (mt), aided by
capacity addition. Ambuja Cements’ dispatches were also higher by 5.1% yoy to 2.05mt.
UltraTech Cement’s dispatches grew modestly by 2.2% yoy to 3.78mt. We remain Neutral
on ACC, Ambuja Cements and UltraTech Cement.
India Equity Research Reports, IPO and Stock News
Visit http://indiaer.blogspot.com/ for complete details �� ��
Cement numbers – March 2011
Cement manufacturers posted growth in dispatches during March 2011 due to pick-up in
construction activity. ACC’s dispatches grew by 12.4% yoy to 2.18mn tonnes (mt), aided by
capacity addition. Ambuja Cements’ dispatches were also higher by 5.1% yoy to 2.05mt.
UltraTech Cement’s dispatches grew modestly by 2.2% yoy to 3.78mt. We remain Neutral
on ACC, Ambuja Cements and UltraTech Cement.
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