Friday, May 29, 2009


India Cements is the third largest cement group in India with a capacity of 10.1mmt spread across seven manufacturing plants in the states of Andhra Pradesh and Tamil Nadu. Its cements are sold in south India under the Sanskar, Coromandel and Rassi brands, whcih have strong brand equity in that market.

The Company has revived its Shipping business with the purchase of two ships(Dry bulk carriers) with a total capapcity of 79843 DWT which will be primarily utilized for captive movement of coal and other rae materials also to partake in the upswing in the shipping industry.


The overall outlook for the back of robust demand from housing construction, phase-2 of NHDP and other infrastructure development projects. Domestic demand for the cement has been increasing at a fast pace in India.

The cement sector is expected to witness growth in line with economic grwoth because of strong co-relation with GDP.

The industry had installed capacity of 212mn tonnes in last financial year, while consumption was 176mn tonnes. Cement companies have added nearly 7mn tonnes capacity in April, taking the total installed level to 219mn tonnes. According to the Cement Manufactrurers' Association, the UltraTech/Grasim combine led the way with 4.5mn tonnes, followed by Damia Cements with 2mn tonnes of cement capacity is scheduled to come on stream by the end of FY10.

To see full report: CEMENT SECTOR