October 11, 2011 / 16:12 IST
Moneycontrol Bureau
Low price regime and sluggish demand from the real estate sector continues to squeeze toplines of cement companies even in the July-September quarter, say analysts. While the coal price rise is well known, most other raw material prices have been rising steadily for the past few quarters---making it difficult for the industry to return to profitability anytime soon.
Though cement despatches grew by around 8% on low base during the quarter under review, demand is yet to reflect strength. In addition to this, an increase in effective excise duty rates will lower cement manufacturers
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