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OfBusiness Cement Dailies
3 years ago
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Daily Report
OfBusiness
Summary
Cement prices are stable, with expected demand increase due to infrastructure projects and housing sector growth. Dalmia Bharat plans to expand its capacity, with funding from capital allocations and non-core asset divestment.
17th April’23
Price
- Cement prices are currently stable, with AAC block prices below Rs 3000/cubic meter in Delhi/NCR.
Demand and Supply
- Demand is expected to increase in the coming months due to infrastructure projects and a growing housing sector, with no supply issues this month.
News
- Dalmia Bharat plans to expand its pan-India Cement capacity to 54Mt/yr by FY2024, with year-on-year growth of 38%. The expansion will be funded by capital allocations and non-core asset divestments.
OFB’s Opinion
- With no price increase currently, it is a good time to buy Cement as demand is expected to increase in May.
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