Burnpur Cement launched Pozolona Portable Cement from Patratu plant in Jharkhand. In an interview to CNBC-TV18, Ashok Gutgutia, VC & MD of Burnpur Cement spoke on how this will impact capacity utilisation and revenues. He also spoke about the impact of demonetisation.
In an interview with CNBC-TV18, Gutgutia said that cement demand has fallen by 30 percent in the market post the cash ban and cement capacity utilisation has declined to 45 percent compared to 75 percent post the event.
In an interview to CNBC-TV18, Ashok Gutgutia, VC & MD of Burnpur Cement spoke about the impact of demonetisation on the cement sector.
Post monsoon, with the expected pickup in demand, the company expects to see Rs 20-25 per bag increase in cement prices, Ashok Gutgutia, Vice Chairman & Managing Director of Burnpur Cement told CNBC-TV18.