Ambuja Cements December dispatches rise marginally
Ambuja Cements dispatched 1.93Mt of cement in December, marginally higher than the 1.83Mt in the corresponding month last year, a company release today said. Cement production stood at 1.91Mt during December, nearly seven per cent higher than 1.79Mt a year ago.
Month on month, Ambuja Cements’ dispatches and production were slightly higher than the 1.83Mt and 1.81Mt, respectively, in November.
The Holcim Group company, which follows the Jan-Dec financial year, dispatched 20.96Mt cement during the year, as against 20.12Mt a year ago. Production during the year stood at 20.97Mt, as against 20.12Mt last year.
Analysts said the company’s annual performance is satisfactory as 2011 was an exceptionally dull year for cement makers, and despite that, Ambuja Cements has been able to maintain last year’s sales volumes. The company is also likely to get benefit from price hikes taken by cement makers in November-December. Published under Cement News
