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Manufactures such as Chettinad, Ramco and India Cements are readying plans to expand capacities or set up new factories as the demand for cement is reportedly recovering in southern India.
A fast-growing Indian tile company, Cera Sanitaryware manufactures, markets and distributes sanitaryware and faucet ware, and trades in tiles and other bathroom products.
According to the rating agency ICRA, an uptick in demand in north India followed by strong pricing discipline, resulted in a rebound in cement prices to Rs 305 to Rs 345 per cent bag in the first-half of 2016-17 from Rs 225 to Rs 240 a bag in January 2016.
