Cement majors’ market share to shrink post 2010

Smita Joshi Saha
Posted: Friday, Sep 05, 2008 at 0024 hrs IST
Updated: Friday, Sep 05, 2008 at 0024 hrs IST

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Mumbai, Sep 4 : buoyed by its new plant in Gujarat, has entered the Mumbai market.

Shares of ACC Ltd and UltraTech Cement Ltd on Thursday were down 0.15% and 0.56% respectively to close at Rs 586.85 and Rs 605.05 on the Bombay Stock

Exchange (BSE). ACL and Grasim Industries Ltd shares were up 0.61% and 0.92% and closed at Rs 82 and Rs 2,020.75 respectively on the BSE.

Going ahead, the cement industry also fears a drop in margins to about 15% from the current 23%. “The profit is expected to reduce by Rs 200-300 per tonne of cement,” said industry players....

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