India Cement Industry Aims for 150-160 MT Capacity Expansion by FY25-28
India industry is gearing up for a substantial capacity expansion, with a target to add 150-160 million tonnes (MT) by the fiscal year 2025-2028.
The cement industry is gearing up for a substantial capacity expansion, with a target to add 150-160 million tonnes (MT) by the fiscal year 2025-2028.
A recent report has highlighted an anticipated 8% growth in cement demand during fiscal 2022, with a further 12% surge expected in fiscal year 2023.
Looking ahead, an estimated 70-75 MT of capacity addition is foreseen in the next fiscal year, with a focus of 50-55% in the eastern and central regions. This expansion is largely driven by increasing demand in infrastructure and housing sectors.
Sources:
[1] https://www.businessworld.in/article/Cement-Industry-Targets-150-160-MT-Capacity-Expansion-By-FY25-28/25-01-2024-507643/
[2] https://www.businessworld.in/article/Cement-Industry-Targets-150-160-MT-Capacity-Expansion-By-FY25-28/25-01-2024-507643
[3] https://infra.economictimes.indiatimes.com/news/construction/cement-industry-to-add-150-160-million-tonnes-capacity-by-fy28-report/107081431
[4] https://www.careratings.com/upload/CompanyFiles/PR/202312141239_Ultratech_Cement_Limited.pdf
[5] https://www.cemnet.com/News/story/176099/ambuja-cements-announces-green-power-investment.html
