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Combined with stable cement prices and softening power and fuel costs, operating profit of manufacturers is expected to recover by ~Rs 200 per tonne from a multi-year low of Rs 770 per tonne last fiscal. ....
Analysts predict that while the recent increase in prices and lower input costs will boost the operating profit of Indian cement makers in the short term, profitability will be limited in the medium term due to capacity additions and the inability to raise prices significantly. India s cement consumption is expected to grow, leading to capacity expansion plans by major cement makers. However, this focus on retaining market share amid capacity additions will test the industry s pricing power. ....
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 financialexpress.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from financialexpress.com Daily Mail and Mail on Sunday newspapers.
Infra push to drive cement demand up 10-12% this fiscal: Crisil Ratings business-standard.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from business-standard.com Daily Mail and Mail on Sunday newspapers.