Dalmia Cement sees pricing pressure in FY10

Dalmia Cement sees pricing pressure in FY10
Published: 02 June 2009

Dalmia Cement (Bharat) Ltd expects pricing to come under pressure in the second half of the current fiscal, a senior official said on Monday.

"I don’t expect prices to go up this year as in the coming months construction activity may slow down because of the monsoon and prices may remain flat," Puneet Dalmia, vice-president told television channel NDTV Profit.

"I am a little bit more cautious in my outlook because a lot of capacities is coming up in the second half of this year and from December onwards I expect a little bit of pricing pressure," he added. At 2.03 p.m., shares of the company were up 13.76 percent at 155.8 rupees in a firm Mumbai market.