Cement demand in India to reduce by 10-15%

Cement demand in India to reduce by 10-15%
07/04/2020 , by , in ALLIED

Cement demand in India could contract by an unprecedented 10-15% this fiscal if lockdown/ other social distancing measures extended till April end, according to a recent report by CRISIL. Extended vulnerability will deepen the damage for the sector to 20-25%, added the report.

On a quarterly basis, cement demand would be a washout in the first quarter of this fiscal, given lockdown measures across India that would hurt construction. Demand will pick up only from the second half of this fiscal.

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