Shree Cements Chasing 9.5 Million Tonne Milestone

Shree Cements expects a strong rebound in cement volumes in the fourth quarter of the current financial year, supported by a pickup in infrastructure activity and higher government spending towards the fiscal year-end, the company’s management said during its third-quarter analyst conference call.

The cement producer is targeting sales volumes of 9–9.5 million tonnes in the January–March quarter, aided by improved execution of public sector projects and a seasonal recovery in demand.

Management noted that the Centre’s push to fully utilise infrastructure allocations by March 31 is likely to act as a key demand catalyst, driving higher offtake in the final quarter of the fiscal year.

News by Rahul Yelligetti.