Chettinad controlled dispatches keep prices high

Chettinad controlled dispatches keep prices high

Chettinad Cement has benefited from controlled cement despatches, helping it keeping prices high. Cement despatches in south grew barely 1.1 per cent y-o-y in the June quarter of this financial year. Cement prices are currently at Rs 260-265 per bag, which is broadly steady despite the monsoon season. The company's installed cement capacity was 8.5 million tonne at end of March 2011, a jump of 325 per cent from March 2007. The company's key markets are Tamil Nadu and the adjoining areas. Chettinad is setting up a green field cement plant in Karnataka with a capacity of 2.5 million tonne, and has placed equipment orders for the plant. Other large players in south include India Cements, with a capacity of nearly 14 million tonne at end of FY 11, and Madras Cements with 10.5 million tonne.

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