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Cement numbers – July 2011
ACC’s dispatches for July 2011 stood at 2mn tonnes, up 28.2% yoy, on account of higher
capacity (on a yoy basis) operational at Wadi and Chanda. Ambuja Cements (Ambuja)
also posted healthy 13.9% dispatch growth during the month to 1.7mn tonnes. Growth in
cement dispatches of both the companies has come on a low base. ACC and Ambuja are
currently trading at US$111 and US$127 per tonne, respectively, on CY2012E capacity.
We continue to remain Neutral on ACC and Ambuja.
India Equity Research Reports, IPO and Stock News
Visit http://indiaer.blogspot.com/ for complete details �� ��
Cement numbers – July 2011
ACC’s dispatches for July 2011 stood at 2mn tonnes, up 28.2% yoy, on account of higher
capacity (on a yoy basis) operational at Wadi and Chanda. Ambuja Cements (Ambuja)
also posted healthy 13.9% dispatch growth during the month to 1.7mn tonnes. Growth in
cement dispatches of both the companies has come on a low base. ACC and Ambuja are
currently trading at US$111 and US$127 per tonne, respectively, on CY2012E capacity.
We continue to remain Neutral on ACC and Ambuja.
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