ACC Oct sales up 3.55%YoY, on improved demand

Moneycontrol Bureau

Cement maker ACC Ltd has reported an around 3.55 percent jump in its October sales to 2.04 million tonnes, YoY hinting that demand is gradually picking up. The company's production remained almost flat at 2.05 million tonnes compared to 2.04 million tonnes, YoY.
In its annual report, the company had said, "The demand for cement is expected to grow at 10 per cent over 2011. A lower utilisation rate coupled with increase in cost of raw materials and increasing logistics costs are likely to keep overall prices under pressure in all regions."
The company had also said that pressure on costs will continue to mount mainly due to increases in the cost of domestic coal and owing to volatility in costs of imported coal," ACC had further added that availability of fuel at reasonable rates was one of the main concerns of the company as it uses large quantities of coal annually to meet its kiln and captive power generation requirements.