Sustained demand boosts March sales, India

Sustained demand boosts March sales, India
08 April 2008

Sustained demand has helped many cement companies to record higher despatches in March, which is usually a peak month in terms of consumption. However, cement prices remained unchanged.  
Ambuja Cement has taken the lead in recording a 16% growth in cement sales during the month to 1.716Mt compared with 1.474Mt a year ago. The cumulative YoY growth for both despatches and production during the March quarter was at a much slower clip. While despatches during Jan-Mar 2008 stood at 4.749Mt (4.324Mt), indicating a growth of 10%, production was at 4.818Mt (4.282Mt), reflecting a growth of 13%.  
ACC reported cement dispatches of 1.92Mt during March, up by almost 5% from 1.83Mt a year ago. Production, too, was up 5.59% at 1.83Mt (1.79Mt). Growth in cumulative production and despatches for the January-March period were at 6.5% and 7.09%, respectively over the year-ago period.  
The Aditya Birla Group’s cement production and dispatches for March 2008 stood at 3.029Mt each, registering a growth of 4.89% and 2.83% respectively over March 2007. While cement production for April-March 2008 moved up by 4.77% YoY to 3.0595 mt (2.9201Mt), despatches grew by 4.47% to 3.0553Mt (2.9247Mt).  
Published under Cement News