Gujarat Ambuja Cements forecasts strong growth in coming quarters

Gujarat Ambuja Cements Ltd has announced the following Business Outlook:

The economy grew by 8.4% during the FY 2005-06 backed by strong growth in the Construction and Manufacturing sector. This strong economic growth has continued in the first quarter of the FY 2006-07 and has resulted in a cement growth of 9.5%.

The Company is witnessing robust construction growth and with the infrastructure development set to gain momentum, it is expected that good cement growth will continue in the current year as well.

Source : Equity Bulls

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