NCL Industries operated at 75% capacity utilisation during Q3FY17, Government backed spending in the Irrigation and Housing space has been driving cement demand for NCL. The Polavaram Irrigation project is expected to generate demand of 2-3Mtpa of Cement over the next 2-3 Years. The Housing project in Telangana which kick started recently is set to bolster government demand for cement, it is expected to generate demand on the similar lines of Polavaram Irrigation Project. The government of Telangana has issued an order for procurement of cement at ` 230 per...