An increase in the pace of consolidations and the resultant improvement in creditworthiness is likely to increase the investment grade credit . There is an economic rationale for international companies to invest in domestic cement industry due to the strategic importance of the country and expected returns that the assets would generate over the long to medium term . The entry into this sector is also easy as there are several cement companies which are financially in poor shape . The promoters of these companies are looking for an exit as they do not have ability to restructure or turnaround . Page 5 of 8 Oher news this month I. Rising realisations boost stock prices of cement cos.
Builders see inflow from southern cos.
V. Cement majors weigh Rs 10 hike in prices. NBCC bags projects worth RS 133 crore.