ACC Cement Net Profit Drops 45%

ACC Cement Profit Dips

ACC Cement in its quarterly report reveals a downward movement in its net profit of Rs.133.5 crores, 45% over the corresponding period  last year. Last years figures stood at a healthy Rs.243.2 crores.

ACC Cement in its statement attributed subdued cement demand and challenging cement market conditions for its poor showing.

The report goes on further to state that higher competition in the cement markets due to surplus cement production capacities lead to cement prices being volatile.

Poor investment in infrastructure and housing lead to weak demand for cement, while overall construction activities remained dull and lacklustre.

ACC Cement

ACC Cement Sales

ACC Cement Sales Performance

ACC Cement Markets 

2 Million Tonne Cement Sales

2 Million Tonne Cement Sales

Cement companies with units based in Andhra Pradesh are smiling as the Andhra Pradesh government has finalised plans to lift 2 million tonnes of cement from cement units with factories based in Andhra Pradesh for its social development projects and infrastructure. A major share will be for irrigation projects.

India Cements, Ramco Cements, Dalmia Cements, My Home Cements and Bharathi Cements as well as a number of smaller cement units will benefit from this exercise.

Andhra Pradesh has 22 cement plants with a total  installed capacity of 53 million tonnes of cement. The actual production for the year 2014-2015 was only 27 million tonnes that is just half the installed capacity.

Andhra Pradesh government officials are quoted as saying that the state will need 2.2 million tonnes of cement for the year 2015-2016.

More details here Cement Sales


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