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    Kerala has remarkable recovery capacity; see strong demand from September, says India Cements

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    Kerala has remarkable recovery capacity; see strong demand from September, says India Cements

    India Cements is expecting a strong demand from Kerala due to the state's "remarkable recovery capacity", said  N Srinivasan, vice chairperson and managing director of the company, adding that the demand would pick up from September.
    As an aftermath of floods in Kerala, there could be reconstruction opportunity which could benefit the cement companies.
    Talking about sales, the company said, “Even in all these floods only one day we had no sale and on other days there were small sales but yesterday it was 70 percent of normal volumes."
    Kerala contributes 12-14 percent to sales of the company, he added.
    Company’s capacity utilisation in Q1 of FY19 was up to 80 percent compared to 67 percent in Q1 FY18, said Srinivasan.
    West, north, central India are already at higher capacity utilisation and now south is picking up, he said, adding that higher capacity utilisation levels will translate into higher prices.
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