Affordable, rural housing to boost cement production
This fiscalthe demand in infrastructure space, primarily road and irrigation projects, is also expected to push demand for cement, an Icra report said
6-7% – Cement production growth expected in current fiscal. 14.7% – Production growth in first four months of FY19.
17-19 mtpa – Capacity will be added in FY20. 27.5-28.6 mt – Production during April-June period. 9.3% – Production declined in July on a month-on-month basis. 70% – Likely industry capacity utilisation over next two year.
The players’ ability to secure increases in cement prices remains critical from a profitability perspective,” Sabyasachi Majumdar, senior vice-president, Icra.