Ultratech Cement - Outlook
Ultratech Cement Ltd has announced the following Outlook:
“Overall, demand is expected to grow by 9%. The Industry will inevitably experience a surplus of supply over demand on account of additional capacity of 118 MMT, during the XIth Plan Period which is expected to have an impact on domestic prices in CY09. Continuous government intervention has resulted in uncertain price environment, which together with significant increase in input costs will have an adverse impact on margins.”
Tags: Ultratech Cement