There was a research report that I read by Motilal Oswal where it said that south indian cement companies will not be expanding capacity thereby increasing their utilization rates. The reason why the prices are higher in South India is because of the production discipline and capacity expansion in line with demand which is followed by all the companies together.
With 72% capacity utilization in the current quater and the demand slowing down in Andhra region, I am trying to understand if the capacity expansion makes sense
south.pdf (332.7 KB)
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