Cement Cos Poised For Higher Margins

New Delhi : India cement manufactures,under cost and over capacity pressure,have reasons to celebrate the Meteorological Department's initial forecast of a normal monsoon this year which should allow the country to harvest once again bumper food and commercial crops.

As producers of the bonding material are now experiencing better demand in the country side in the wake of an all-time high foodgrain production of 235.88 million tonne in the 2010-11 crop year,a follow on good harvest will give a further shot to the building of pucca houses in rural and semi-urban centers.

At the same time,the government's redemption of pledge to build 10 million houses under the Rajiv A..