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Expect demand to rebound post Diwali in western regions like Maharashtra: India Cements

Updated : October 22, 2020 12:41 PM IST

It has been a strong show from cement companies so far this quarter with both ACC and UltraTech delivering good numbers. N Srinivasan, VC and MD, India Cements discussed from which segments the demand is coming and what growth the sector is pencilling in for H2FY21.

“I expect that over the next few months, once the rain stops, post Diwali you will see improvement in demand in Maharashtra,” he said.

According to him, it will take quite a while for south before the demand equals supply. “The total capacity in South is 30 lakh tonne for month, the demand is about 75 lakh tonnes for month.

Therefore, it will take a little while. However, the prices in the south are much higher than prices in the other parts of the country,” he said.

“Going forward, I expect demand will go up,” he added.

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