Cement sales hit on continuing weak demand

Cement sales hit on continuing weak demand

Cement sales remained lacklustre in the first two months of this year, with no major recovery in demand from the infrastructure and realty sectors.

Shailendra Choksi, Director, JK Lakshmi Cement, said there was a minor recovery in sales during the first week of January, but that did not sustain and fell in February, due to dull demand from the infrastructure sector. Cement companies are pinning their hopes on the sops offered in the Budget to the real estate and infrastructure sector to boost demand, he said. Increase in deductions for home loans up to Rs 25 lakh and interest subventions of one per cent are set to make home loans more attractive which might help the industry.

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