Vice-Chairman and Managing Director of The India Cements Ltd. (ICL) N. Srinivasan said that the outlook for the cement industry would be good this financial year too. Addressing a press conference here to announce the first quarter results of the company, Mr. Srinivasan said 
that there was a 11.6 per cent growth in cement demand despite a lower 4.5 per cent growth in the South, mainly due to a practically nil growth in Andhra Pradesh and Karnataka. In Kerala and Tamil Nadu, cement demand grew by over 10 per cent, he said. “The demand growth in cement is outstanding,” he said. The company reported a 9.5 per cent increase in turnover for the first quarter ended June 30, 2009, at Rs. 960.25 crore against Rs. 876.26 crore in the year-ago period. It posted a lower operating profit of Rs. 293.11 crore (Rs. 311.27 crore) due to an increase in the cost of inputs, power and fuel. The net profit has improved marginally, after adjustments, to Rs. 144.28 crore from Rs. 142.14 crore.
that there was a 11.6 per cent growth in cement demand despite a lower 4.5 per cent growth in the South, mainly due to a practically nil growth in Andhra Pradesh and Karnataka. In Kerala and Tamil Nadu, cement demand grew by over 10 per cent, he said. “The demand growth in cement is outstanding,” he said. The company reported a 9.5 per cent increase in turnover for the first quarter ended June 30, 2009, at Rs. 960.25 crore against Rs. 876.26 crore in the year-ago period. It posted a lower operating profit of Rs. 293.11 crore (Rs. 311.27 crore) due to an increase in the cost of inputs, power and fuel. The net profit has improved marginally, after adjustments, to Rs. 144.28 crore from Rs. 142.14 crore.For Further Details Visit At:/www.hindu.com/2009/07/23/stories/2009072356291600.htm
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