Demand still weak; JP Associates deal soon: Shree Cement

The Jaiprakash Associates deal is likely be completed within the next 15-20 days once CCI gives their clearance to JP Associates. Shree Cements already has got a clearance from CCI, said HM Bangur, MD, Shree Cement in an interview to CNBC-TV18.

The demand in October was low and even though the festive season is over, the demand in November too has remained low, says Bangur.

Below is the transcript of HM Bangur’s interview with Latha Venkatesh & Anuj Singhal on CNBC-TV18.Anuj: I want to ask about this Competition Commission of India (CCI) that you have got for the Jaiprakash (JP) Associates deal. When will that deal be finished now, now that the approval is there? Latha: What is the demand price situation at this point in time? What is the kind of capacity utilisation you are doing the industry is doing and what is the price trend for say the next quarter?Anuj: How much have prices come down from peak and what is the outlook on pricing from hereon?Latha: What gains do you get by the diesel price cut in terms of margins?