Modest rise in May despatches

Modest rise in May despatches
Published: 02 June 2004

India’s cement majors have reported a moderate increase in dispatches of cement, year-on-year, for the month of May 2004.  ACC reported dispatches of 1.40Mt for the month, which is 2 per cent higher than dispatches, at 1.37Mt, reported by the company for May 2003. Production rose 2.19 per cent, to 1.40Mt , from 1.37Mt. UltraTech Cemco (earlier L&T Cement), along with subsidiary Narmada Cements, reported a 6.44 per cent increase in combined dispatches of cement and clinker for May 2004, at 1.48Mt. Despatches for May 2003 were at 1.39Mt.  The Ambuja group reported unchanged shipments of cement for May, at 1.23Mt, the same as the corresponding year-ago figure. Production rose marginally, by 2 per cent, to 1.23Mt, from 1.21Mt.  In a separate report, Grasim Industries said on Wednesday its May shipments stood at 1.084Mt, while production was 1.081Mt. Shipments were down 3.6 percent from the 1.125Mt reported a year earlier, while production was down 2.1 percent