Construction Industry News
IIFL Institutional Equities, a part of the IIFL Group, one of the leading players in the Indian financial services space in a recent report said demand growth in the cement sector is expected to gain pace post the monsoon.
According to the dealers, cement demand is sluggish in the current month, after remaining strong in July as monsoon has intensified, the report said.
Average cement price declined by Rs. 4 per bag (1.7%) at the all-India level over the past one month. Prices declined in the northern and central market, while they increased in the eastern and western region (barring Mumbai). However, in the southern markets, prices were stable.
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