Highlights of comments by ACC MD Sumit Banerjee
Monday, Sep 22
.
MUMBAI - Highlights of comments by ACC Ltd Managing Director Sumit
Banerjee
.
* Reiterates 2009-10 capacity target 29 mln tn, no delay.
* Mulling acquiring coal mine in India.
* Expects "some progress" on coal mine acquisition by March.
* Recently hiked prices in Maharashtra, south, east markets.
* To continue increasing prices in south, west, east markets.
* Imperative for ACC to up prices to rein in margin fall.
* Scope for improving efficiency.
* Sees firm cement demand, price outlook for 2008-09, 2009-10.
* Excess capacity, Pakistan imports deter price hike in north.
* Cement price outlook for north market seen sluggish in 2009-10.
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