Gujarat Ambuja cements update

Gujarat Ambuja cements update
Published: 21 July 2006

Gujarat Ambuja Cements Ltd., has announced the following business outlook to the Mumbai stock exchange:

The economy grew by 8.4 per cent during the FY-2005-06 backed by strong growth in the construction and manufacturing sector. This strong economic growth has continued in the first quarter of the FY-2006-07 and has resulted in a cement growth of 9.5 per cent.

The company are witnessing robust construction growth and with the infrastructure development set to gain momentum, it is expected that good cement growth will continue in the current year as well.