ICICI Securities Ltd | Retail Equity Research India Cement (ICL), as one of the largest cement manufacturers in the southern region, is expected to be a key beneficiary of a demand revival in the key south regions, especially Andhra Pradesh (AP) and Telangana. Out of the total cement capacity, ~45% of the company's capacity is in AP & Telangana, which witnessed a significant price hike of | 60-70/bag in September 2016. The price hike was supported by an uptick in demand and pricing discipline. Although the impact of the price hike will be miniscule in...