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News Birla Corporation expects to raise cement sales volumes by 15% in 2024 financial year

Birla Corporation expects to raise cement sales volumes by 15% in 2024 financial year

Written by Global Cement staff 29 June 2023
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India: Birla Corporation says that it expects to sell 18.1Mt of cement during the 2024 financial year (1 April 2023 - 31 March 2024), up by 15% year-on-year from 15.7Mt in the 2023 financial year. That financial year, sales grew by 11% year-on-year. Looking ahead, the producer expects its new 3.9Mt/yr Mukutban cement plant in Maharashtra increase its sales. It said that it may also carry out future expansions at its Chanderia cement plant in Rajasthan.

The Hindu BusinessLine newspaper has reported that managing director and CEO Sandip Ghose said "Our strategy is based on prices not going up significantly. Volumes are going to move in a healthy manner unless there are any major dislocations, disruptions or hiccups going forward. I am very bullish on the India growth story." Regarding the company's Gujarat market in Western India, he said "Gujarat had gone through exponential growth in the past year, which boosted certain companies' profitability because of the bullet train, the expressway and other developments." Ghose forecast similar demand growth in Madhya Pradesh and Uttar Pradesh.

Last modified on 05 July 2023
Published in Global Cement News
Tagged under
  • India
  • Birla Corporation
  • Outlook
  • Forecast
  • Sales
  • growth
  • market
  • demand
  • Infrastructure
  • construction
  • Gujarat
  • Madhya Pradesh
  • Uttar Pradesh
  • GCW615
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