After a dip in February, the Indian cement industry is likely to achieve double-digit growth in March as demand for cement remains strong. On the back of demand from the infrastructure and realty sector, producers continued selling higher volumes of cement.
Business Standard reported Hari Mohan Bangur, chairman and managing director of Shree Cement as saying: “Demand from all cement consuming sectors is pouring in. The industry is likely to see better than a normal growth in March.”
The Aditya Birla Group, which owns Grasim and UltraTech, sold 9.7 per cent more cement in March. Similarly, Holcim-owned Ambuja Cements achieved double-digit growth of 11.14 per cent with its sales volumes at 1.91Mt. Jaiprakash, meanwhile, registered an impressive 75 per cent rise in cement sales.