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Cement Industry to achieve 12% growth in sales for last quarter

Buoyed by the govt. spending on infrastructure and a moderate rise in prices have helped the Indian cement industry to achieve a 12% growth rate on its sales in last quarter of financial year 2008-09. It was a positive quarter for cement industry with government announcing re-imposition of counter-veiling duty on imported cement and reduction in excise duty etc., However, the industry bottomline is hit with higher input prices in raw materials.

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