ACC Q2 net down 27%

CORPORAT SCORECARD

Sales (volume)*5.365.29-1.3 Net profit349.02255.08-26.92 Sales turnover1,891.281,920.111.52 * In million tonnes  The company expects the demand situation to remain positive in the foreseeable future despite inflation, a slowdown in industrial production and overall economic scenario.  "However, the staggering rise in input costs and pressure to cap the selling prices (of cement) are causing concern to the industry," said Banerjee. He added that unless the industry was able to recover cost rises by adjusting the selling prices through rational economic considerations, the cement industry would be under pressure.  The company has an overall capacity of 23 million tonnes and is adding 7.2 million tonnes to take its capacity above 30 million tonnes by 2010.