Conference Call with Ultratech Cement Management and Analysts on Q4FY20 and Full Year Earnings Performance and Outlook. Listen in to the full transcript.
Conference Call with Ultratech Cement Management and Analysts on Q4FY20 and Full Year Earnings Performance and Outlook. Listen in to the full transcript.
Opening Remarks by Management
We have started seeing improvement in demand from few geographies in the country, with states like Odisha, West Bengal, Jharkhand, Bihar, Tamil Nadu, Kerala, Telangana, Maharashtra, Rajasthan, and MP turning around. This covers a lot of territories. The best thing to happen is the restart of work on the Polavaram Dam, the biggest irrigation project in the country, and several other irrigation projects have been reawarded by the AP Government.
Clearly, the Government is concerned on the depressed state of the economy. And I am sure where there is a will there is a way. The Honorable Prime Minister has identified and chalked out a detailed program of driving growth, and the cement sector is totally going to benefit with a thrust on infrastructure. You all would have read about the Task Force on National Infrastructure Pipeline has been identified in different segments, for spending about $1.5 trillion till 2025.
Of course, this work that has been identified has to actually get awarded and start execution. In real-estate segment also, there is 25% growth during second half of 2019 for launches of number of housing units in top eight cities in the lower ticket sizes. Unsold inventories dropped about 13% in calendar 2019, versus the previous year. And as I mentioned, seeing new launches, this should help in the overall pick-up in the real-estate demand in urban areas.
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