Q2 Review: How North-Based Cement Firms Stole A March Over Southern Peers

The companies were aided by better pricing power and the government’s push for infrastructure.

Nickey Mirchandani @onlynickey

20 Nov 2019, 05:11 PM IST

A worker carrying a basket of cement on his back walks up a ramp to a residential building under construction in Nepal. Photographer: Sara Hylton/Bloomberg

North Indian cement makers outperformed their peers from the south in the quarter ended September, aided by better pricing power and the government’s push for infrastructure.The price realisation of companies, including JK Cement Ltd., JK Lakshmi Cement Ltd. and Shree Cement Ltd., improved over the last year, according to data compiled by BloombergQuint. That came on the back of improved sand availability—a key raw material for const...

Q2 Review: How North-Based Cement Firms Stole A March Over Southern Peers

The companies were aided by better pricing power and the government’s push for infrastructure.

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