India: AP producers set to receive state spending boost

India: AP producers set to receive state spending boost
Published: 19 June 2015


Cement companies based in the southeastern state of Andhra Pradesh (AP) are to receive a boost from the state government's plans to procure more than 2Mt of cement this year for infrastructure and social development projects.
 
According to official estimates, the AP state government will need over 2.2Mt of cement in 2015-16 to be acquired from local manufactureres. Irrigation projects will consume the lion's share of volumes followed by housing, local administration, and roads.

AV Dharmakrishnan, CEO of Ramco Cements, told Business Line (India) this is good news for manufacturers in Andhra Pradesh as the programme clearly charts out additional demand for cement.