ACC projects Outlook for cement to remain strong

Associated Cement Companies Ltd (ACC) has announced the following Outlook:

The cement industry recorded a growth rate of about 9.44% during the calendar year 2005 as compared to 8.27% for the previous period. During the half year Jan-June 2006, it grew around 12.2% as compared to 10.5% for the corresponding period of previous year. With the continued emphasis by the Government on infrastructure sectors and housing sector, the demand for cement is expected to remain strong.

New Projects / Modernisation:

The projects at Lakheri for expansion of capacity and setting up 25 MW Captive Power Plant are progressing as scheduled. The Company is taking up expansion of Bargarh cement works from 0.96 MTPA to 2.14 MIPA and setting up a 30 MW Captive Power Plant at a capital outlay of Rs 5370 million.

Source : Equity Bulls

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