Cement demand growth to remain sluggish in FY15
Growth in cement demand will remain sluggish around 5-6% for FY15, given the slowdown in construction and infrastructure sectors. Growth will be supported by an expected increase in demand from the rural sector and tier II and tier III cities, according to a resea-rch note by India Ratings. Cement firms do not have the pricing power to pass on cost increases to custo-mers due to the sluggish demand. There was a subs-tantial increase in overall cost structure in FY13.
Apex court stays Himachal Pradesh High Court order
Supreme Court on Monday stayed Himachal Pradesh High Court's order directing implementation of the ord-er banning storage, supply, sale and entry of non-esse-ntial food items packaged in plastic or non-biodegrad-able material from January 26. A bench headed by Justice RM Lodha, staying the order till February 14, asked stakeholders to sug-gest a practical solution to the environmental problem.