India Cements is expecting better growth in the next six to nine months, on the back of new infrastructure projects and improvement in the economy. The bifurcation of Andhra Pradesh has also raised hopes for renewed economic activity under the new governments in AP and Telengana.
The south Indian cement market saw an increase of two per cent in demand during the quarter. The industry registered a growth of nine per cent during the first quarter of the current financial year.
India Cements is largest manufacturer of cement in South India. India Cements owns 28% of the market share and is leader in south India. The cement manufacturer aims 35% market share. It has distribution network of 10,000 stockists.
