Economy & Market
Cement dispatch soars in AP
Andhra Pradesh has reported good demand growth for cement in December 2010. According to industry estimates, the demand increased to 21.7 lakh tonne in December 2010 from 19.5 lakh tonne and 17.7 lakh tonne in November 2010 and October 2010 respectively. This growth was despite the state facing logistics problems and other disruptions due to the month-long agitation for a separate Telangana state. Demand had fallen to 15.5 lakh tonne in September 2010 due to unfortunate events. Dispatches soared in the last one week of December 2010 supported by continuing construction activity in housing and other infrastructure projects and the impact of good season pepped up demand and sales. The demand has support from prices which are now looking up and ruling in the range of Rs 155-165 a bag. In September-October 2009, prices had hit a low of Rs 125-135, marking a decline of over 20 per cent compared with the previous year.