The domestic cement industry has clocked a despatch growth rate of 17 per cent in August. This is in sharp contrast to the industry leaders’ estimates of 9-10 per cent.
The industry despatched 15.44Mt during the month compared with 13.2Mt during the same period last month.
The industry produced 15.52Mt which is 17.75 per cent more than what it produced last year in the same month.
According to the chief commercial officer of ACC, Jayanta Datta Gupta, the rise in government’s expenditure on infrastructure and to some extent delayed monsoon have triggered such a robust growth in the month.