"We raised prices last week, as demand is very good now," J. Datta Gupta, chief commercial officer, said late Tuesday. "We expect demand to remain good until May-June."
Cement companies were struggling with strained demand until the end of last year from the real estate and housing sectors, which have been hurt by a slowing domestic economy and credit crunch.
But analysts said the current improvement in cement sales isn’t a reflection of a revival in demand but more a factor of a lower base last year.
