05 September 2011

Cement dispatches for August 2011:: Angel Broking,

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Cement dispatches for August 2011
ACC’s dispatches for August 2011 stood at 1.88mn tonnes, up by healthy 19.7% yoy,
aided by higher installed capacity. Ambuja Cements (Ambuja) posted moderate 2.7% yoy
growth in dispatches in August to 1.51mn tonnes. ACC and Ambuja are currently trading
at US$111 and US$138 per tonne, respectively, on CY2012 capacity. We continue to
remain Neutral on ACC and Ambuja.

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