Cement cos remains positive on Jan price hike

Mumbai, Feb (EPC News): The third quarter performance of the cement sector offered a mix bag. The companies having south India focus experienced increased bottom line during Q3 because of supply disciple was managed that resulted in improved realisation.

The improved realisation to an extent nullified the effect of lethargic volume growth and cost pressure during the quarter. The companies operating in the northern and central regions have failed to report a sequential growth in their realisation and disappointed on the volume front as well.

The companies are expected to report a better performance in next couple of quarter on the backdrop of price rise in January 2011.

EPC News Bureau