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So, why the bullishness? Centrum Broking estimates that strong cash flow and brown field expansion capability will sustain its over 20 percent volume growth beyond FY17. What also works in favour of the company is cement price which is atleast Rs 20 per bag higher in the core NE markets than those in West Bengal. Significant state thrust on roads and hydro power projects offers long term cement demand potential of 15 percent CAGR..

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