Cement industry may post double-digit growth

Mumbai : Strong sales from ACC, Ambuja and UltraTech is likely to push the cement sector back to double-digit growth. Going by the strong sales figures of top companies, industry analysts said the sector may post 11-13 per cent growth in July. The industry posted the lowest growth in FY11 in over a decade at less than five per cent. Its first quarter results witnessed a mere 0.50 per cent growth year-on-year. Striking double-digit growth will come as a major boost to the world's second largest cement industry.