IIPM MANAGEMENT INSTITUTE
The industry is
riding on the back of towering cement prices. With demand surpassing supply, prices have gone upto Rs.200 for the period from April to July 2006, an increase of 25% in contrast to last year. The demand is so strong that even the onset of floods in three states couldn’t spoil the party for the industry. K. M. Birla, Chairman, Grasim Industries, commented to media, “The government’s initiatives on infrastructure development and the boom in the housing sector are major growth drivers for the cement industry. In the medium term, the demand and supply situation is expected to be in balance, with a couple of years before the next cycle of new capacity enters the market.” On the subject of rising prices, Swati Korvi, cement analyst, Parag Parikh Financial Advisory Services Limited, enunciates, “We have witnessed a surge in the cement prices owing to the robust demand from housing and infrastructure projects. However, with capacity expansion plans in the pipeline, we can expect some pressure on realizations in FY09.”
For Complete IIPM Article, Click on IIPM Article
Source : IIPM Editorial, 2006, Arindam Chaudhuri's Initiative
For More IIPM Article, Visit Below....
IIPM MANAGEMENT INSTITUTE
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IIPM Admission > Application Details
ABOUT IIPM
Story About IIPM-The Indian Institute of Planning…
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Mr. 5-screen Wonder
The industry is
riding on the back of towering cement prices. With demand surpassing supply, prices have gone upto Rs.200 for the period from April to July 2006, an increase of 25% in contrast to last year. The demand is so strong that even the onset of floods in three states couldn’t spoil the party for the industry. K. M. Birla, Chairman, Grasim Industries, commented to media, “The government’s initiatives on infrastructure development and the boom in the housing sector are major growth drivers for the cement industry. In the medium term, the demand and supply situation is expected to be in balance, with a couple of years before the next cycle of new capacity enters the market.” On the subject of rising prices, Swati Korvi, cement analyst, Parag Parikh Financial Advisory Services Limited, enunciates, “We have witnessed a surge in the cement prices owing to the robust demand from housing and infrastructure projects. However, with capacity expansion plans in the pipeline, we can expect some pressure on realizations in FY09.”For Complete IIPM Article, Click on IIPM Article
Source : IIPM Editorial, 2006, Arindam Chaudhuri's Initiative
For More IIPM Article, Visit Below....
IIPM MANAGEMENT INSTITUTE
Service with a SMILE!
IIPM Admission > Application Details
ABOUT IIPM
Story About IIPM-The Indian Institute of Planning…
The Diwali range (of Barista) will be targeted at...
Wal-Mart cannot rely solely on everyday low price...
To the Highlands of Heaven!
Mr. 5-screen Wonder
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