The Indian government s increased spending on infrastructure projects such as roads, railways, and power is expected to boost cement demand by 10-12% this fiscal year. Cement demand is projected to reach 440 million tonnes in fiscal 2024, driven by strong demand from the infrastructure sector. Combined with stable cement prices and lower power and fuel costs, cement manufacturers operating profits are expected to rebound. The demand growth will also support the credit profiles of cement companies.
Cement demand to grow 10-12% this fiscal on offtake from infrastructure segment, says CRISIL
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Infra push to drive cement demand up 10-12% this fiscal: Crisil Ratings
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