The recent boom in housing and construction industry has led to the rise of cement industry compared to past years. The monthly capacity utilisation during the fiscal year 2006-2007 was 94% according to Cement Manufacturers Association (CMA). India is the second largest producer of cement and the industry grows at an average rate of 9.1 %. Domestic consumption is the the biggest revenue mine for the industry. Inorder to control the rising domestic cement prices, the government had stipulated some measures. But these measures had not dettered the growth of the sector. Prism Cement, Dalmia Cement and JK Lakshmi Cement are best bets in this domestic consumption driving growth sector.
Sunday 16 September 2007
Cement Stocks
The recent boom in housing and construction industry has led to the rise of cement industry compared to past years. The monthly capacity utilisation during the fiscal year 2006-2007 was 94% according to Cement Manufacturers Association (CMA). India is the second largest producer of cement and the industry grows at an average rate of 9.1 %. Domestic consumption is the the biggest revenue mine for the industry. Inorder to control the rising domestic cement prices, the government had stipulated some measures. But these measures had not dettered the growth of the sector. Prism Cement, Dalmia Cement and JK Lakshmi Cement are best bets in this domestic consumption driving growth sector.
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