Economy & Market
Delayed monsoon helps to push up cement prices
Stoking positive sentiments on cement counter, the delayed monsoon is leading to continuity in construction activities. In the process, cement prices have rised in several pockets of the country.
In the first two months of the quarter, the industry's sales posted robust growth of 9.6 per cent and analysts said June would see the momentum continue, as the monsoon delay helped construction go on.
Holcim-owned Ambuja Cements reported a rise of 7.3 per cent in its June sales. However, its sister concern, ACC, posted merely a 2.6 per cent rise in sales for the month.