Shree hopes for 8-9 per cent growth, India

Shree hopes for 8-9 per cent growth, India
Published: 07 February 2005

Shree Cement hopes to log a growth of 8-9% for the whole year. The company is bullish about the industry’s prospects and expects to outperform it. HM Bangur, MD of Shree Cement thinks that the capital formation and construction cycle is on an uptrend, and says, "All over India, the construction activity is at very high. All capital formation is at the peak, and cement being basic raw material, we think that the uptrend will last for three to five years."

Looking forward to a successful year ahead, Bangur said, "Volumes will be better than last quarter and at an all time high for the company. Profit numbers in competitive industry are unpredictable. At present, we are bullish. February and March will be better for us. Overall volume growth will be better than the average in the cement industry. We will grow at about 8-9% for the whole year."