Shree Cement's HD Bangur said that the mood in the sector is positive and demand will be good. The Managing Director at the firm expects 9 percent growth in cement demand this year.
As the weather is clearing up, the demand has started coming in. Cement prices are up Rs 5-10 per bag in February and he expects this trend to continue on a quarter on quarter (QoQ) basis, he said.
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Regarding Andhra Cement, he said “We never claimed that we are going to acquire Andhra Cement. So there is no story about Andhra Cement.”
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